Leave a legacy

• You can to decide what happens to your property and possession after your death.
• You can decide how to provide for family, friends and charities.
• You can appoint an executor.
• You can appoint a guardian for any children under 18.
• You can reduce or even avoid Inheritance Tax.

We would always recommend that you seek professional legal advice when writing your Will.

If you die without making a Will, you die intestate. This means your property and possessions may be divided against your wishes. The Inland Revenue can claim up to 40% of your estate as Inheritance Tax. Children under 18 may be put in care.

The following two simple steps will help you prepare for your meeting with a good solicitor:

Step 1

Prepare a list of all your assets and liabilities

Prepare a list of all your financial details (banks accounts, stocks and shares etc…)

Step 2

List the family, friends and charities you want to include in your Will

Decide what type of legacy you want to leave; obviously a residuary legacy (percentage of your estate) does not devalue with time.

There are three main ways you could leave a gift to Toybox in your Will:

Specific gift:
These are items or possessions such as valuables or shares.

Pecuniary gift:
A financial donation of a fixed amount.

Residuary gift:
A gift of all or part of what remains of your estate once your other wishes have been met.

How you choose to structure your Will is entirely your concern and we are so grateful to be remembered in any way. However, the disadvantage with pecuniary gifts is that the value of these will erode over the course of your lifetime. That's why a popular choice amongst our supporters is to leave a residuary gift.  These are guarded against inflation and means that your gift can have the impact you want.

Making a Will is straightforward but as it is a legal document it is important that you get professional help from a solicitor.

Thank you so much for considering putting Toybox into your Will. Please do call our or email our Legacy Officer if you have any further questions.

If you already have a Will but want to make some changes to include Toybox, you don’t need to start again – but you can easily add in a gift to Toybox using a codicil. This is a short separate document written to work with your Will without invalidating it.

However if you want to make substantial changes to your Will – you would be best to revisit your solicitor to make sure there are no mistakes made which could invalidate your existing Will.

Many people also see writing their Will as a chance to say how they wish to be remembered at their funeral service. One option is to ask people to make donations to a favourite cause instead of sending flowers.

Making a donation in memory of a loved one can offer family and friends an opportunity to do something positive during a difficult time. If you would like to be remembered in this way you can add a codicil to you Will or make sure your executors know your wishes.

Toybox Registration Details

Challenge House
Sherwood Drive
Bletchley
Milton Keynes
MK3 6DP
United Kingdom

Tel: 01908 360050
(international 44 1908 360050)

Registered charity number in England & Wales as a charity no 1084243
Company limited by guarantee in England number 03963000