The following information may help if you have further questions on leaving a gift in your Will. If you cannot find the answer to your question, please contact us on 0300 365 5500 or email firstname.lastname@example.org
Does leaving a gift in my Will reduce Inheritance tax?
Gifts left to charity in Wills are free from inheritance tax so can, in some circumstances, reduce the amount of inheritance tax that might otherwise be payable on your estate. If, for example, you leave 10% of your net estate to charity, the rate of inheritance tax applied to your taxable estate could be reduced from 40% to 36%, so this:
reduces the overall inheritance tax bill
means it costs less to give to charity
We would always recommend that you seek a solicitor’s advice in relation to inheritance tax, as this is a complicated subject. The Money Advice Service website has some more detailed information on inheritance tax, but please speak to your solicitor if you have any specific questions.
How will my gift help people with dementia?
For every £1 we receive, we spend 73p on helping families face dementia, 26p on raising the next £1 and 1p on governance. You can read more about our vision of compassionate and expert care for those affected by dementia here.
Our Admiral Nurses work in the community across the country and on our national helpline, the Admiral Nurse Dementia Helpline. The unique dementia expertise and experience an Admiral Nurse brings is a lifeline – it helps families to live more positively with dementia in the present, and to face the challenges of tomorrow with more confidence and less fear. Most Admiral Nurses work for the NHS in communities, helping people with dementia to stay at home for longer. They also work in other settings, including care homes, hospitals and hospices.
To give you a rough idea of how a gift in a Will could help families facing dementia:
£135 could send one Admiral Nurse to a specialist masterclass on caring for people with dementia at the end of their life
£ 1,000 could pay for a brand new Admiral Nurse for an entire week, offering life-changing support to families facing dementia
£2,800 could cover the costs of an Admiral Nurse for 200 families to receive in-depth, specialist support on our Helpline
£6,720 could pay for a nurse to answer calls from struggling families during the week for two months
£10,000 could cover the running costs of a brand new Admiral Nurse service for 10 weeks
For more information, you can read the Government advice on mental capacity here, contact your solicitor or your GP or speak to our Admiral Nurses on the Dementia Helpline 0800 888 6678
If you are caring for a person with dementia, there may come a time when they are unable to make decisions about their care and their finances. A lasting power of attorney (LPA) is a legal document appointing one, or more, trusted people to be their attorney(s). An attorney is a person responsible for making decisions on their behalf. Read more about Lasting Power of Attorney here.
What if I change my mind or my circumstances change?
If you change your mind, that is absolutely fine, we understand circumstances may change and there may be a time when you need to take Dementia UK out of your Will. This is your choice and we completely respect it. You might like to read our gifts in Wills promise here.
Do you offer a Free Will service?
We have partnered with McClure Solicitors who can provide Will writing services to our supporters for a suggested small donation to Dementia UK. You can make use of this service if you would like your first Will written or if you need to change your current Will.