Make Surgery your legacy and leave the RCS a gift in your will
Make your mark a by leaving a legacy to the College?
As a charity, the College strives to make significant progress and breakthroughs in the world of surgery and by choosing to leave us a legacy in your will you can have direct impact on the future of surgery and the patients it saves. We rely on the support we receive in the form of legacy gifts from people who share in our aims and concerns.
Making a will is a significant personal responsibility and the people and causes you remember in your will are a positive recognition of all that is important to you.
We completely understand that the welfare and concern for your family and friends comes first. Just as a will brings security to those closest to you, a legacy to surgical research at the Royal College of Surgeons will play a crucial role in maintaining and improving the surgical care for patients.
Past legacies have enabled us to purchase essential equipment and support a range of projects inand . If you wish, your legacy can be used in a particular area of surgical healthcare that has been of interest or concern to you, or you can leave an unspecified gift which will allow us to direct funds to areas of particular need or priority.
There are several different kinds of gifts you can leave in your will. The most common are described below.
Leave us a percentage of your estate
You may wish to leave us all or part of what is left of your estate after other gifts and debts have been paid. This type of gift (known as a residuary bequest) is easy to add to an existing will without interfering with any specific sums you have left to family or friends. It also has the advantage that it will not be eroded in value by inflation over the years.
Leave a fixed sum of money
You may wish to leave us a stated sum of money. With this kind of gift (known as a pecuniary bequest), it is wise to remember that the value of money changes over the years, and you may need to alter your will periodically to keep up with inflation.
Leave a specific item of value
You may wish to leave us a particular item (known as a specific bequest), which can be sold to support the College’s aims. It could be property or an item of value such as an antique or a piece of jewellery.
Without a will
- The law dictates the distribution of your estate. Your possessions may not pass entirely to your next of kin or spouse, but may be divided among relatives you didn’t intend to benefit.
- If you die without a will and any surviving relatives, the government will take everything that you own.
- This may cause unnecessary worry and delay for your family in settling your estate.
If you make a will
- You may well be able to spare your family the burden of inheritance tax.
- You can never take for granted that your wishes will be carried out after your death. Only by making a will can you ensure that your wishes are legally binding.
When making your will there are several things to be considered:
- Making a list of your assets
- Thinking about the way in which you want to divide your estate
- Thinking about who to appoint as execute
It's vital to review your will regularly to ensure that it reflects your current wishes and circumstances. For instance, you may need to change your will if you have got married, divorced, moved house or there has been a death of a friend or family member.
Can we help?
If you would like information on how to go about leaving a bequest or a details on a particular area to support with a legacy contact us using the details below. We would advise anyone making or updating a will should get in touch with a practising solicitor who will be able to help you do this.