Lynsey Neilson

Partnerships Fundraising Manager

Gift in Wills

Writing or updating your Will is one of the most important decisions you can make to protect you and your loved ones. Every adult should have a Will. Without a Will the law decides who inherits your estate. With a Will you can decide what happens to your estate and that your wishes are followed through. With no Will in place it will usually take longer and cost more to tie up your affairs. You may be thinking that you don’t have “an estate” to leave but having a Will means you can let your family know your wishes should anything happen and it can save them a lot of distress in the future if you have your affairs in order. You can make and amend your Will throughout your lifetime so it is never too early or too late to put one in place. No-one knows what is around the corner so it is good to make your Will while you have the time, ability and capacity to do so.

How to Leave a Gift in Your Will

Three simple ways to make a difference to older adults in Glasgow:

You can choose to leave Glasgow’s Golden Generation a fixed amount of money in your will, this is called a Pecuniary Bequest. If you do this, please note that this option may be affected by inflation, meaning that your gift may be less valuable than you intended. If this is the option you choose, please ask your solicitor about inflation proofing your gift.
You can choose to allocate a percentage of your estate to Glasgow’s Golden Generation. You can choose which percentage of your remaining estate you wish to give to the charity after your loved ones have been provided for and inheritance tax and estate administration have been dealt with. This is called a Residual Bequest and even 1% would make a massive difference to our work with older adults in Glasgow.
Finally you can choose an item or items of value to leave to the charity. This could be furniture and other items to be sold in our shop to raise funds. It could also be land, property or a even jewellery which could be sold at auction. This is called a Specific Bequest.

When making your Will you will firstly arrange taking care of your loved ones but you may also wish to consider leaving a legacy to a charity. Some people choose to leave a lump sum to charities and good causes that they would like to support.

Another way to help is to leave a percentage of your residual estate. This is a good way to support a charity as the value of money changes over time and a percentage will change in line with the value of your estate. When mentioning a charity in your Will it is always good to include the charity number as charities can change their names or address over time and this avoids any confusion.

Partner Solicitors

Glasgow’s Golden Generation has partnerships with a number of solicitors to help you prepare your Will, review your Will or prepare your Power of Attorney. Each of our partners will make a donation to Glasgow’s Golden Generation if you proceed with any of these services.

Where to Find More Information

To find out about our partner solicitors in your area please call Fundraising on 0141 221 9924 or email fundraising@glasgowgg.org.uk 

You can also find more information at Solicitors for Older People Scotland , one of our partner solicitors above or you may wish to use your own solicitor if you already have one.

Help Videos

One of our partners has made some short videos on these areas to give you some more information about them.

 

Making a Will

Will Review

Power of Attorney