Your pledge can help create a world of fun, inclusion and happiness for every child and young person with a life-limiting condition. Having an up-to-date Will also makes sure your wishes are made clear and that your loved ones are looked after when you’re gone.
Leaving a Gift to Lifelites in your Will
In the future, due to better healthcare, more children will live with complex, life-limiting conditions and your support Will be more important than ever.
By supporting Lifelites with a gift in your Will you are helping to change children’s lives, empowering them to play, create and communicate, and giving families unforgettable moments of connection and joy through the power of assistive technology.
Below is some simple guidance so that you can keep on caring for children with life-limiting conditions by leaving a gift in your Will to Lifelites.
Five simple steps to making your lasting legacy for children and families
1. Reflect on what you have to leave and who you wish to leave it to.
When seeking guidance on the preparation of your Will, it’s important to assess the total value of your estate and decide the family, friends, and causes you wish to support in your Will.
2. Decide what kind of gift you wish to leave.
Your solicitor can offer guidance on selecting the best choice of legacy gift for supporting Lifelites, but the three most common forms of gifts are:
Residuary: A percentage or share of what is left in your estate after debts, taxes, other legacies, funeral expenses, and administration costs are taken into account. This type of gift can be all of the residue, a percentage (such as 50 per cent), or a share (such as ½).
Pecuniary: A gift of a specified amount of money. This can be made as index-linked so that it holds its value.
Specific: A gift of a particular item, such as a property, a car, shares or piece of jewellery.
3. Consider your tax options
For estates that attract Inheritance Tax (IHT), any legacy left to a registered charity is exempt from IHT. The standard IHT rate is 40 per cent but if at least 10 per cent of your net taxable estate were left to charity, you could reduce your IHT rate to 36 per cent.
Learn more about Inheritance Tax by talking to your solicitor or visiting https://www.gov.uk/inheritance-tax
4. Talk to a Solicitor about your Will or speak with our free Will provider, Octopus Legacy.
It is important to speak with a solicitor when writing your Will. For straightforward Wills and estates, Lifelites has partnered with Octopus Legacy to provide a free Will writing service.
5. Share our details with your solicitor if you are leaving a gift to Lifelites
Lifelites
60 Great Queen Street
London
WC2B 5AZ
Registered charity number: 1165791
Remember to keep your Will somewhere safe. Your solicitor or Will writing service will often look after it for you, but you may wish to keep your own copy too, and tell a relative or close friend where the original copy of your Will is stored.
A gift in your will can be the most significant donation you ever make. For former Trustee Paul Withams, remembering Lifelites is a way to make a positive, lasting impact on the world.
Powered by our supporters, we have had the privilege of supporting thousands of children, young people and their families since 1999. Discover some of their stories.