Bequests

A gift in your will can be a powerful and effective way to support IPPF. Leaving a gift to IPPF, however large or small will help us to continue to improve access to sexual and reproductive health – particularly among those most in need.

If you are considering leaving a gift to IPPF, you may find some of the information useful:

• Types of gift and suggested wording

If you are thinking of including IPPF in your will, there are a number of different types of gifts that you can choose to leave us.

Here are some of the most common options you might like to consider.

The residue of your estate to IPPF

If you would like to leave all or part of the residue of your estate to IPPF, it means that once you have provided for your family and friends with specific gifts of money or items, IPPF receives all or part of the residue of your estate. If this is what you wish to do, we suggest that you include the following wording in your will:

I give to IPPF of 4 Newhams Row, London SE1 3UZ, Charity registration number 229476 all [or ……% share] of my residuary estate for its general charitable purposes. I declare that the receipt of the duly authorised officer shall be a full and sufficient discharge to my executors.

A specific sum of money to IPPF

If you wish to leave a specific sum of money in your will, for example £1,000, we suggest that you include the following wording:

I give to IPPF of 4 Newhams Row, London SE1 3UZ, charity registration number 229476 free of all tax the sum of £… for its general charitable purposes. I declare that the receipt of the duly authorised officer shall be a full and sufficient discharge to my executors.

IPPF as a beneficiary of your trust

If you are thinking of setting up a trust fund for the benefit of a family member while they are alive, you may decide that any sum of money left in the trust after their death will go to IPPF.

When including IPPF as a beneficiary in a trust that you set up, please remember to use our full name and address:

IPPF
4 Newhams Row
London
SE1 3UZ
Registered charity number: 229476

Inheritance tax and gifts

It is worth remembering that all gifts left to UK-registered charities such as IPPF are exempt from inheritance tax - and so a gift to charity could help your family avoid paying inheritance tax.

• Making or updating a will

Without a will, you have no control over who will inherit your estate and it can cause difficulties and complications for the loved ones you leave behind.

By making a will you can ensure that your loved ones are provided for as you wish. It does not have to be an expensive or complicated process. It is also important to have your will updated as your circumstances change.

Here are 5 key considerations when making or updating your will

1. How to have your will written

We strongly recommend that you have your will written or changed by a professional with experience of writing wills, for example a solicitor or a professional will writer.

A will is a legal document and there are specific rules for how it should be drawn up – if it fails to meet the legal requirements, it can be invalid or cause difficulties for those who inherit.

2. List your assets and liabilities

It is important when making or changing your will, to have a clear idea of what your estate is worth. A good way to do this is to list everything you own and its approximate value, based on what you would be likely to receive for each item or asset if you were to sell it now - and then list what you owe. By doing this before meeting with your solicitor you can also save time and money.

3. Decide how to split your estate

Consider everyone you would like to include in your will and what you would like to leave them. Again, it’s a good idea to compile a list of names and addresses of these people before visiting your solicitor. You may also wish to include a favourite charity, such as IPPF.

4. Appoint executors

You will need to appoint executors of your will, who will make sure your wishes are carried out after your death.

It is usually advised to appoint at least 2 executors who can be family, friends or professional advisors, or a mixture of these.

Remember to ask them if they agree to be your executors before naming them in your will. You may also need to make allowances for the payment of trustees if necessary.

5. Updating your will

Once you have made a will it is very important that you review it every few years to make sure it reflects your wishes.

This is especially important if you get married, divorced, your partner dies or you have children.

If you need to make a small change to your existing will, this can be done very easily by making a codicil rather than writing an entirely new will.

This will also need to be witnessed and stored safely, ideally with your will.

Other considerations when making or updating your will

• Clarify any requirements you have regarding your funeral arrangements
• If you run a business, make plans for the succession within that business
• Appoint guardians for your children or grandchildren
• Speak to a professional consultant about inheritance tax and ways of avoiding paying too much