Have you considered leaving a gift in your will?

A gift in your will, whatever size, can help us to make an enormous difference to lonely and isolated older people. After ensuring your loved ones are taken care of in your will, leaving a percentage of what’s left over to The Silver Line is a wonderful way to help older people who will need support in the future. By discussing your intentions with your loved ones, they will understand that leaving a gift in your will is something which is important to you. They can also feel proud of your decision, as many families do.

There are 3 different ways to leave a gift in your will:

  • A residuary gift is a percentage of your estate once all other gifts have been distributed to friends and family. Many of our supporters choose to leave this type of gift because its value will be dependent on the value of your estate at any given time rather than a set amount. This provides supporters with more flexibility when deciding how to ensure that their loved ones are well looked after first and foremost. 
  • A pecuniary gift is a fixed sum of money. There is no minimum amount that can be left. It’s worth bearing in mind that the effects of inflation mean that this type of gift is likely to lose value over time and may end up being less than you initially intended.
  • A specific gift is a tangible item – such as a personal possession, land, buildings or stocks and shares.

If you have already made a will, you can still help The Silver Line by adding a codicil to your will (an official alteration document).  Please note however that this form is not legally binding on its own and has to relate to your will. We would advise anyone who wants to make a will, or amend an existing one, to see a solicitor. For some people this can also help to reduce the inheritance tax payable.


For more information:

The legacy team of our partner organisation – Age UK – will be able to answer any questions you have about writing a will and leaving a gift in your will.

  • Call Elina or Tu’shea on 020 3033 1421
  • Email [email protected]
  • Write to The Silver Line, Legacy team, 1-6 Tavistock Square, London WC1H 9NA

Thank you so much for making my Sundays pleasurable once more and lifting my spirits when I’m tied to my home with only my four walls for company.

 

Pat