For many people, thinking about their will is for another day. But it’s a way to make sure that you continue to give, support things that you’re passionate about, and to make a positive impact in the world long into the future. For many charities, a gift in someone’s will is a lifeline. As a relatively young charity we do not feature in many people’s planning. What you can be sure of though is that by remembering Beyond the Streets in your will, you have the opportunity to make a huge difference to the lives of vulnerable women.
Legacies are not just for those who have huge amounts of money nor only for those who want to leave all their estate to a charity – even a small amount can be incredibly valuable. If you would like more information, please contact us.
FAQ about legacies
Why should I write a Will?
Without a Will, the law decides what happens to your estate. People assume that everything is passed to their spouse or partner – but this is not always the case. Writing a Will gives you peace of mind – your family and friends will be protected, and you can remember people and causes that have been important to you.
Don’t I need to be rich to leave a gift in my Will?
Not at all. Whatever the size of your gift – large or small – you can be sure we will use it to provide vital care and support to women who will really value it.
Including a gift in your Will doesn’t affect how much money you have to provide for older age. Your estate is calculated based on whatever is left after you die. And if you arrange your gift to Beyond the Streets as a residuary gift, it will only be paid out after all the other gifts you leave to your family or friends have been made.
What kind of gift could I leave?
– A residuary gift is a proportion of your estate, once all other gifts have been paid. This can be the entire residue, or a percentage of it. Many people prefer to give a residuary gift because it keeps in line with inflation and does not lose value over time.
Just 1% can make a huge difference.
– A pecuniary gift is specific amount of money.
– A specific gift is an object such as a painting, a jewellery collection, or a property.
Are there any tax benefits to leaving a gift in my Will?
In the UK, inheritance tax is currently paid to the government at a rate of 40% if your estate is worth more than £325,000.
However, the rate might be reduced to 36% if 10% or more of your estate is left to charity.
Do Beyond the Streets need to know if I wish to leave you a gift in my Will?
You don’t have to tell us what you decide, but if you would like to tell us that would be wonderful. We would love to say thank you, and to keep you informed about our services and aware of progress.
Can I specify how my gift is spent?
Most people leave their gift to Beyond the Streets without specific conditions so that it can be used wherever it is most needed and will make the greatest difference to the women we support.
