A Gift in Your Will
Leaving a gift in your Will costs you nothing in your lifetime, but will help us to improve the future of hospice care in Norfolk.
Why should you make a Will?
There are several good reasons. Many people assume that if they die; their spouse, partner or children will automatically inherit everything, but this may not be the case. If you don’t have a Will when you die, your money and possessions will be shared out according to law, rather than what you would like.
Making a Will ensures your family, friends and any charities you care about receive what you wish them to. This could be specific items, amounts of money, or a share of your estate.
Your Will can also set out your preferred funeral arrangements and allows you to appoint a guardian for any children you have. This provides peace of mind both for you and your family, knowing your wishes are being fulfilled.
What difference can I make?
Priscilla Bacon Hospice will provide Norfolk with a new, state-of-the-art 24 bed facility and hub for the ‘Hospice at Home’ service, built adjacent to the Norfolk & Norwich University Hospital. To turn this dream into a reality, we need to raise £12.5 million, and once built, we will need ongoing support to maintain and improve the hospice. By leaving a gift in your Will, you can help ensure future generations in Norfolk benefit from the best possible hospice care.
Leaving a gift is simple and tax efficient. Any gift you leave to the hospice is free from Inheritance Tax. If you already have a Will, it is very simple to complete a brief codicil adding a gift to Priscilla Bacon Hospice. Download our handy codicil form at the bottom of this page.
Types of gift you might consider
We strongly recommend you seek professional legal advice to ascertain which would be most appropriate for you and your family.
- A share of your estate (also known as a residuary gift): after providing for your loved ones; the remainder, (or a specific percentage of the value), of your estate is left to Priscilla Bacon Hospice after taxes, other bequests and debts are paid.
- A cash gift (also known as a pecuniary gift): a specific amount of money is left to Priscilla Bacon Hospice. You can index link the amount, in order to protect it from the effects of inflation.
- A reversionary gift: this provides for your family first, then benefits the hospice at a later date.
- A conditional gift: your estate would pass to Priscilla Bacon Hospice in the eventuality that no named beneficiary survives you.
- A specific gift: you can leave items of value other than sums of money – such as stocks and shares, property or jewellery – to the hospice. In many cases, the charity would seek to realise the monetary value of the gift, if permitted by the terms of the Will.
Your generosity will enable our patients to live well and make the most of their remaining time with their loved ones.