FAQs - Heart Research UK

FAQs

Why is it important to write a Will?

A Will makes sure your loved ones are taken care of and your wishes are clear. It makes things simpler for those you leave behind and avoids conflict at an already difficult time. If you don’t make a Will the government decides how to share out your estate and they might not do it in a way you feel is fair or benefits the people and organisations you want to. You also can’t leave money to charity without a Will.

 

Why should I leave a gift to Heart Research UK?

Over half of our work is funded by gifts in Wills and they enable us to make big plans for the future. If you want to help us develop new treatments and procedures and benefit heart patients as soon as possible, leaving a gift in your Will is a great way to do this.

 

Do I get to decide where my gift is used?

You can leave a gift to a particular area of work, for example research or education, or to be used in a particular area but the most valuable gifts are those which are unrestricted. This is because we don’t know exactly what will need funding in 5, 10 or 50 years’ time and leaving your money unrestricted will allow us to put your money to best use, where it is needed the most. If you want to leave a restricted gift then please get in touch and we can discuss what area of our work you would like to benefit.

 

What if I want to change my Will?

If you want to make a simple change you may be able to use a codicil which amends or updates your existing Will. We recommend you always use a solicitor who will be able to make sure that your codicil doesn’t conflict with any of your existing wishes. Download our codicil form here

 

Is there specific wording I need to use?

It’s best to speak to a legal advisor when writing your Will, the suggested wording we recommend taking to your solicitor if you decide to leave a gift to Heart Research UK can be found at the bottom of this page.

 

Do I need to tell you I’ve left a gift in my Will?

You don’t have to tell us but we would love to hear from you if you have. Sharing your story can inspire other people to leave us gifts and it would be great if we could keep you updated on all the work we are doing.

 

Is it true that giving to charity can reduce my Inheritance Tax?

Inheritance Tax is normally paid if your estate is worth more than £325,000 and is 40% of everything over this amount. Most gifts to charity aren’t subject to Inheritance Tax so it may reduce or completely remove any Inheritance Tax that needs to be paid. There is also a special Inheritance Tax rate if you give a certain amount to a registered charity or charities. Always speak to your legal advisor if you think your estate may be liable to Inheritance Tax, for more information download our guide to inheritance tax.