Frequently asked questions about gifts in wills
Why make a gift in your will to Shooting Star Chase?
A gift in your will costs you nothing during your lifetime and won’t affect you now but will one day make a huge difference to the lives of local children, young people and families facing some of the most difficult situations imaginable.
I am not wealthy. Do I have enough to leave in my will?
Every gift in every will makes a difference. No matter how big or small, it is important to us and will help to fund our vital services and be there for families in the future. Once you have taken care of those close to you, you can choose if you want to leave a gift to Shooting Star Chase. This could either be a percentage, an amount or an item; it’s completely up to you.
I have already written a will. Do I need to have a new one drawn up if I wanted to include Shooting Star Chase?
Making changes to an existing will is simple. If you wish to add a gift to Shooting Star Chase you can do so by including a codicil with your will. This form is a simple legal document that enables you to add an extra gift without having to update your will. However, we advise consulting a solicitor or legal professional about this to ensure the process is carried out correctly.
Are there tax benefits to leaving a gift in my will for Shooting Star Chase?
A gift left in your will to a registered charity is exempt from inheritance tax. In certain circumstances, especially with larger estates, a charitable legacy can be a useful way to avoid the payment of inheritance tax for your family and friends on some or all of your estate. Find out more here.
How much does Shooting Star Chase spend overall on fundraising and administration costs?
We are very careful with our spending. Out of every £1 we raise, 76p goes direct to care and support local children and their families. The other 24p is used to raise the next pound.
Where can I find more information?
Simplifying the jargon – there is a lot of jargon that you come across when making a will, so we thought we would write a helpful guide to make it easier to understand.