How to leave a gift in your will

Writing your will is not difficult. It’s best to visit a solicitor to help make sure your wishes are adhered to and most solicitors offer a free will-writing service. Your will makes sure that your wishes are carried out and relieves stress and pressure from your family and friends at what is an already difficult time.

Use a solicitor

Use your family solicitor.  If you don’t have one it’s helpful to find one with experience of probate.  If you are making your will with your partner, you can mirror your wills if they are broadly the same.

Before meeting your solicitor, you should think about:

  • Who your executor(s) will be and ask them first
  • What you own – your house,  any shares, endowments, savings or life insurance policies – and roughly what they are worth
  • What you want to leave the people and charities you care about – pecuniary (money) or residuary (whatever is left over) or chattel (items you own) legacies.

Executor

Your executor/s are the people who administer your will when you are gone. They gather and realise your assets, may apply for the Grant of Probate if applicable and settle any debts  you owe.  They also pay the beneficiaries their gifts and deal with Her Majesty’s Revenue and Customs (HMRC) in the UK and/or the Office of the Revenue Commissioners in Ireland if necessary.

You must trust them and they need to be prepared to take on this responsibility.

You can name family members (including those benefiting from your will) or friends and you can ask more than one person to ensure fairness and help with the administration.

Alternatively, you can use a professional like an accountant or solicitor who will normally require payment from your estate. If you prefer you can name a combination of relatives, friends and professionals.

Type of gift

Pecuniary gifts are specified sums of money. If you would like a pecuniary gift to keep its value over time, ask your solicitor to index-link it when he drafts your will.

Residuary gifts are made from the residue after all other gifts are made and the estate accounts are finalised including debts paid.

Specific gifts are sometimes known as chattels and include moveable items such as jewellery, artwork, photographs and ceramics.

How to pay your contribution

If you have organised a funeral collection or fundraising event in memory of a loved one, you can pay in the donations right here. You can also set up a regular gift, or donate to a current YHA project. Legacies and funeral collections cannot be Gift Aided but other gifts can if the donor is a UK tax payer.

If you wish to pay by other means like bank transfer or even a cheque, email [email protected]

Let us help you leave your legacy

This is suggested wording for your solicitor to write a residuary gift into your will to YHA:

Subject to the payment of my debts, funeral and testamentary expenses, I give the whole/____% of my estate not otherwise disposed of by this my Will to the YHA, otherwise known as Youth Hostels Association (A charity registered in England and Wales (220122) of Trevelyan House, Dimple Road, Matlock, Derbyshire,  DE4 3YH for the general purposes of the charity and I declare that the receipt of its Treasurer or other official officer shall be a full and sufficient discharge.

To leave a pecuniary gift the wording is similar:

I give free of tax to the YHA otherwise known as Youth Hostels Association, (A charity registered in England and Wales (220122) of Trevelyan House, Dimple Road, Matlock, Derbyshire, DE4 3YH, the sum of £_____ for the general purposes of the charity and I declare that the receipt of its Treasurer or other official officer shall be a full and sufficient discharge.

For any other type of gift you wish to put into your will, please contact Karen Frampton, Legacies and In Memory Manager, on 01629 592720 to discuss how you would like to help.