Who should write my Will?
A Solicitor or registered Will Writer will ensure that the legal formalities are followed and that your Will is drawn up correctly. They will also be able to answer questions about executors and inheritance tax along with any other questions you might have.
To find a Solicitor or Will Writer please go to:
The Law Society
The Institute of Professional Will Writers
What type of legacy can I leave?
There are a number of different types of legacies that you could leave to us, once you’ve made provision for your loved ones, of course:
A share in your estate (residuary) – this is a percentage, or remainder, of your estate once all other legacies and expenses have been settled. Residuary gifts are particularly valuable to us because they maintain their value in the future.
A sum of money (pecuniary) – this is specific cash gift. Pecuniary gifts can be eroded over time by inflation so we advise speaking to your solicitor about index-linking your gift.
A specific gift – this is a non-cash gift such as a property, stocks and shares, a painting, or an antique.
Contingent gifts – a legacy made on the basis of another event happening first. For example, your Will could state that a gift only applies if all other beneficiaries named in your Will die before you.
I want to leave a legacy to the ICR. What wording should I use?
If you are leaving a share of your estate to the ICR as a residuary legacy, we recommend that you use the following wording. Your solicitor will make any modifications necessary to ensure conformity with the rest of your Will:
“I give all [or specify share] of the residue of my real and personal estate to The Institute of Cancer Research: Royal Cancer Hospital of 123 Old Brompton Road, London SW7 3RP (X 90004) and the receipt of the Legacy Officer or other proper officer for the time being shall be a complete discharge to my Executors.”
If you are leaving us another type of legacy, please remember to include our full name and registered address (as above) to ensure that your gift reaches us.
I’m the executor of an estate that includes a legacy for The Institute of Cancer Research. Who should I contact?
If you are administering an estate that includes a legacy for the ICR please call our Legacy Administration Officer as soon as possible on 020 7153 5251. Different types of gifts require slightly different processes and we will be able to advise and assist you in administering the gift.
Can I reduce the amount of Inheritance Tax (IHT) liable on my estate by supporting The Institute of Cancer Research in my Will?
Leaving a legacy to charity can help to reduce your Inheritance Tax threshold. You should discuss your requirements with your solicitor or financial advisor who will be able to let you know the latest information and how it could impact on your estate. For the current rules around Inheritance Tax please visit the HMRC website .