Leaving a Gift in your Will
Remembering HorseWorld Trust in your Will is an extraordinary thing to do and a wonderful way to celebrate your life as a lover of all things equine.
Without the kindness and generosity of people such as yourself, HorseWorld Trust simply wouldn’t be able to rescue, rehabilitate and rehome the large number of horses, ponies and donkeys it sees through the gates every year.
Since 1952, HorseWorld has been working against all odds to ensure the best life for equines in need. It is our vision to create a future where no horse, pony or donkey is denied the fundamental rights of welfare: we believe that every equine should have the right to a suitable environment in which to reside, a suitable diet, the freedom to exhibit natural behaviour, and to be protected from pain, suffering, injury or disease.
The majority of the horses we rescue arrive at HorseWorld having never experienced a single act of kindness or compassion, yet despite the hardships they have faced they are still able to demonstrate love and gratitude towards us. Leaving a gift in your Will allows us to continue protecting these gentle animals from a life of abuse and neglect and to provide them with the ongoing respect they deserve.
To find our more about how you can leave a Gift in your Will, please email firstname.lastname@example.org or call 01275 832 425, thank you.
We can’t do this without your help.
HorseWorld is entirely funded by voluntary donations. 70% of our total income stems from Gifts left in Wills. Without public income it would be impossible for us to provide shelter, food and veterinary care to the 100+ vulnerable horses on site and the thousands more waiting for our help going forward. By thinking of us in your Will, you are enabling a lasting beacon of hope to shine for animals in need.
Like you, we care about protecting horses from cruelty and want to encourage first-class standards of welfare to all horse owners. We see first-hand the transformation that good veterinary care, a healthy diet and a safe environment can make on a horse and are lucky enough to witness how public donations make this possible. Your gift will ensure we can turn this possibility into a guarantee for the foreseeable future.
Keep your passion for horses alive by making possible the ongoing care and support for hundreds of equines in the South West.
How you can pay less Inheritance Tax
Inheritance tax is based on the value of a person’s estate (the property, money and possessions) upon their death.
The ‘Nil Rate Band’ or ‘Inheritance Tax threshold’ is the value of the estate that is exempt from Inheritance Tax. This is currently* set by the government at £325,000 for an individual. The standard Inheritance Tax rate is 40%, which is only charged on the part of your estate that is above this threshold.
In March 2011 the Budget gave a further incentive to charitable giving, by announcing that should you choose to leave 10% or more of your estate to charity, the estate can pay Inheritance Tax at a reduced rate of 36% on some assets. Gifts to charity are paid free of Inheritance Tax and are taken out of your estate before any tax is collected.
For further information about Inheritance Tax please visit gov.uk/inheritance-tax
. For all tax advice we would strongly suggest that you get in touch with your solicitor.
Types of gift
A residuary gift
This is where you leave the remainder of your estate or a share of what’s left after your debts have been settled and any other amounts you have left to others have been settled. Before visiting a solicitor, it is a good idea to have a list of what you want to leave and whom you would like to benefit. Don’t forget that personal items can be included in your bequests.
A pecuniary gift
This is a set amount of money given as a gift in your Will. When leaving this type of gift in your Will, do consider that the eventual value of this type of donation is likely to be impacted by inflation.
To find our more about how you can leave a Gift in your Will, please email email@example.com
or call 01275 832 425, thank you.
A gift of any size can make a huge impact
Your gift to HorseWorld doesn’t need to be large to make a difference, every gift counts and adds up to cover larger costs. If ten supporters left just £100.00 each in their Wills, HorseWorld would be able to purchase a bag of feed for every horse on site or buy a portable solarium to aid horses’ muscle relaxation after ridden or training work.
70% of our work is funded by the gifts our supporters leave in their Wills. If you can help, you can be confident that your gift will help horses to enjoy healthy lives for the significant future.
Amending your Will with a Codicil
A codicil is a straightforward document that needs to be signed and witnessed in the same way as a Will. It allows you to make amendments to an existing will instead of completely re-writing an already written version.
A codicil has to be signed and witnessed in the same way as your original Will, but you don’t need to use the same witnesses. Don’t use someone as a witness if they or their husband/wife or civil partner benefits from a gift in the codicil – it will make the gift to them (in the codicil) invalid.
You must keep the Codicil with your Will at all times, but do not attach them together.
If you are unsure of how the codicil works or want to amend your Will in any other way, you must contact your solicitor for more information and advice. Do not write anything on your Will as this will invalidate it. Any major changes may call for a new Will to be made.
Our Legacy of Care – “For The Horses”
Our legacy of care began in 1952 as the Bristol Home of Rest for Horses, soon after we became known as the Friends of Bristol Horses Society and are now currently working under the registered title HorseWorld Trust. The welfare of horses has always been the beating heart of our Charity. We aim for this to continue beating strongly into the future. Everything we do is for the horses, and we could not have achieved anything without the unwavering backing from you, our dedicated supporters.
Why should I make a Will?
Having an up to date Will is the only way to ensure that your family, friends and any organisations you care about are provided for in the ways that you wish. Your Will is your means to make a difference to someone’s life and to ensure your passions, kindness and generosity lives on. Many people assume their partner will inherit their assets so don’t feel the need to make a Will, however if you are unmarried or in a civil partnership, your loved one is not automatically entitled to your estate. To make sure they are provided for, you must name them in your Will. If you do not have anyone that you feel you would like to gift your assets to you may consider leaving them to a charity instead.
When is the best time to make a Will?
You’re never too young to start thinking about your Will; the most common motives are buying a house, having children, getting married or coming into an inheritance. With any significant change to your finances, you should be thinking of your Will. If you already have a Will, it’s a good idea to review it often to reflect any changes in your personal or family circumstances.
Do I need a solicitor?
It is advisable to use a solicitor to help you create your Will to ensure that all the legalities and details are correct. Simple actions or incorrect wording may invalidate your wishes, meaning that your estate will not be gifted as you may like it to be.
What is an Executor and why do I need one?
An Executor is someone who adminsters your Will after you are gone, to ensure that your wishes are followed through. You can choose a family member or friend as an Executor, even if they are set to benefit from your Will. You can also appoint a solicitor or financial advisor to act in this role but do consider any fees that may be occur for this service.
Information stated on this page is correct as of July 2020. We strongly advise contacting your solicitor for advise on making/ammending your Will.