While it’s not something that many of us like to think about, preparing for what will happen to our money and the possessions that are most dear to us when we are no longer around, is something that we should all make sure we take the time to do. Ensuring that loved ones are cared for will understandably be the priority for most people. However, have you also considered leaving a gift to charitable causes that are close to your heart?
Have you thought about the future when you are no longer around? Writing a will is the only way to guarantee that you can control where your hard-earned savings and prized possessions will go. Something of this importance should not be left to chance, and so we highly recommend that you take the time to write a will.
Each year we need to fundraise over £4.5 million towards our running costs to enable us to continue providing our services, free of charge, to patients, their families and carers. If Hospice Isle of Man or Rebecca House Children's Hospice is a charitable cause that you would like to continue supporting when you are no longer around, you may wish to leave us a legacy donation (a gift) in your will. A large amount of our annual income is generated from gifts in wills (legacy donations), and no gift is too small as every penny donated helps to make a life-changing difference.
After making sure that those important to you are provided for,
you may decide to leave the remainder, or a percentage, of your estate to Hospice. This can be a good way to leave a gift (legacy) to Hospice, as the gift will increase in line with inflation.
A specific gift would be an item you would decide to leave to Hospice such as a property, shares, jewellery or other specified items.
A cash gift is a set amount of money that you would decide to leave to Hospice.
You can make a gift in trust and direct that Hospice can benefit or that the gift passes to Hospice when the trust ends. This could also be set out in the deed of any trust you make in your lifetime, so please talk to your advocate or solicitor about how this can be done.