Leaving a gift in your will is one of the most powerful ways you can support our work. Your loved one’s memory will live on forever through the legacy of this very personal gift.
Gifts in Wills FAQ
Learn about leaving a gift in your Will.
Many people believe they must be wealthy to leave a gift to charity in their Will, but this is certainly not the case. Any gift, no matter the size, helps to ensure we are able to continue our work to make Aberdeen Poverty Free.
Writing a Will is very important, as it is the only way to ensure your wishes are fulfilled, and guarantees your loved ones and the causes you believe in receive the gifts you intend for them – that’s why we recommend you ask a solicitor to help you write or update your Will.
You can use the following websites to search for a solicitor near you:
It is easy to make minor alterations to your Will. If you simply wish to make a gift to Instant Neighbour, your solicitor may recommend a Codicil to your existing Will. Please remember that, to be valid, a Codicil needs to be witnessed in the same way as a Will.
A residuary legacy is the gift of a share, or all, of the remainder of your estate once loved ones have been taken care of, and has the benefit that it will not lose value over time.
A pecuniary legacy is the gift of a fixed sum of money. The value of pecuniary legacies will decrease over time, as the cost of living rises. However, you may link your legacy to the Retail Price Index to ensure its worth in the future will be equivalent to its worth today.
A reversionary legacy, or life-rent, is a gift to Instant Neighbour after you have provided for your family first during their lifetime, and is paid to us only after the death of other named persons, for example a spouse or civil partner.
A conditional legacy is a gift which is made to Instant Neighbour when other beneficiaries to your estate predecease you, or your gift to them fails for some other reason.
Yes. All gifts in Wills are exempt from inheritance tax. You may wish to discuss other ways of minimising the tax burden on your estate with your solicitor. Please note the Gift Aid scheme does not apply to gifts in Wills.
It’s important to keep your original Will in a safe place, such as your solicitor’s office or bank. We suggest you keep a copy yourself, and let your Executor(s) know where they can find the original.
The vast majority of legacy gifts Instant Neighbour receives are unrestricted, which allows us to use the money wherever it is most needed at the time. However, if you would like to restrict your gift to a particular area of work we are happy to accommodate this. If you plan to restrict your gift, please contact us for advice first to ensure we can meet your wishes.
Many people prefer to see donations made to Instant Neighbour in lieu of flowers. If this is stated in your Will, your Executors can make sure your wishes are known.
Suggested wording: ‘I request that instead of flowers at my funeral, donations are made to Instant Neighbour, 5 St Machar Drive, Aberdeen, AB24 3YJ, a charity registered in Scotland number SC002223.’