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Leaving a gift in your will: frequently asked questions
Leaving a gift in your will to CPRE North and East Yorkshire is a powerful way to help protect and enhance the countryside for future generations. We understand that navigating the process can be challenging, so we’ve created this FAQ to guide you through the details.
What Types of Gifts Can I Leave?
There are three main types of gifts you can include in your will:
- Specific Gift: A particular item, such as jewelry or an ornament.
- Pecuniary Gift: A fixed sum of money.
- Residuary Gift: A percentage of your estate, left after other gifts, debts, and taxes are settled.
What Is an Executor?
An executor is responsible for ensuring your will is carried out according to your wishes. Executors handle tasks such as notifying beneficiaries and managing the distribution of gifts. You can appoint a relative, friend, professional (e.g., a solicitor), or a combination of people.
You may also name someone who benefits from your will as an executor.
How Will My Gift Be Used?
Most supporters choose to leave their gift unrestricted, allowing CPRE North and East Yorkshire to use it where it’s needed most to have the greatest impact. Rest assured, your gift will be used wisely to protect the countryside and green spaces for everyone to enjoy.
Can CPRE North and East Yorkshire Help Me with the Wording in My Will?
While CPRE North and East Yorkshire cannot draft or directly assist with the wording of your will, we recommend consulting a legal professional to ensure everything is correctly documented.
Do I Need to Inform CPRE North and East Yorkshire if I’m Leaving a Gift?
You’re not obligated to inform us, but if you choose to share your intentions, we’d love the opportunity to thank you and keep you updated on our work. Letting us know is not legally binding and is purely for our records to provide better support.
We also offer a free will-writing service, which does not require you to leave a gift to CPRE North and East Yorkshire—though your generosity would be greatly appreciated.
Can I Change My Will Later?
Yes, your will can be updated at any time. If you decide to leave a gift to CPRE North and East Yorkshire or change your plans, you can amend your will to reflect these updates. We understand that circumstances change and that your loved ones come first.
Are Gifts in Wills Subject to Inheritance Tax?
No, gifts left to charities like CPRE North and East Yorkshire are exempt from inheritance tax. Additionally, if you leave more than 10% of your estate to charity, the inheritance tax on your remaining taxable estate may be reduced.
How Do I Update or Add to an Existing Will?
If you already have a will but wish to include a gift to CPRE North and East Yorkshire, you can use a codicil—a document that allows you to make changes without rewriting your entire will. Two witnesses are required to sign the codicil, similar to the original will.
Need More Information?
If you have any questions or need further support, please reach out to us at legacy@cpreney.org.uk We’re here to help make the process as straightforward as possible.
Thank you for considering leaving a gift to CPRE North and East Yorkshire. Your support will help ensure that our countryside remains protected and cherished for generations to come.
