Frequently Asked Questions
What kind of Gift can I leave?
The most common types of gift are:
- A pecuniary gift - this is a fixed sum of money, also known as a cash gift
- A residuary gift - this is a share of your estate and is expressed as all or a percentage of your remaining estate once all fees, outstanding costs and other gifts have been taken care of
- A specific gift - this is a particular item such as property, stocks and shares or other valuables like jewellery or paintings.
How do I find a solicitor?
Are there inheritance tax benefits of leaving a gift to charity in my Will?
A gift in your Will to any charity is not subject to Inheritance Tax (IHT). By remembering Yorkshire Cancer Research in your Will you may be able to reduce the taxable value of your assets and so lower the amount of inheritance tax due on your estate. Furthermore, if you leave 10% or more of your estate to charity, you will be taxed at a lower rate (36% instead of 40%) on any part of your estate that qualifies for inheritance tax.
We recommend speaking to your solicitor or financial adviser to find out the most tax efficient options available to you. To check the current threshold at which inheritance tax applies, please visit the government website, www.gov.uk.
I want to leave a gift to Yorkshire Cancer Research. What are the charity's details?
To ensure Yorkshire Cancer Research is correctly named as a beneficiary of your estate, please include the charity's full name, address and charity number when drafting your Will:
Charity name: Yorkshire Cancer Research
Address: Hornbeam Square West, Harrogate, HG2 8PA
Registered charity number: 516898
I already have a Will. Can I update it to include Yorkshire Cancer Research?
You can add a codicil for minor changes to your Will, including adding a charity. A codicil is a supplement which is kept with, but not attached to, your Will. Please speak to a solicitor about a codicil if you would like to leave a fixed sum of money or specific items to Yorkshire Cancer Research in your Will.
To avoid the risk of inconsistencies between the original Will and codicil, it's a good idea to check with a solicitor that this codicil will fit with your existing arrangements. If more extensive changes are required, or if you would like to leave a percentage of your estate to Yorkshire Cancer Research, we strongly recommend that you consult a solicitor.
Can I have a say in how my gift is used?
If you would like to leave a gift for a particular purpose, please contact us first to ensure that we will be able to meet your wishes. You can then include the details in your Will, either as an Expression of Wish where Yorkshire Cancer Research will be under a moral obligation to try and comply, or as a legally binding statement.