There are 3 main ways to leave a gift in your Will:
Residuary gift
This type of gift is a share of your estate, for example 5%.
Many people divide their estate into 100 equal units. After giving to family and loved ones, they then gift a certain number of units to Mind.
Unlike a cash gift, leaving a share of your estate means your gift won't devalue over time. This type of gift is the most useful to us.
Cash gift
A cash gift, known as a pecuniary gift, is a fixed sum of money, for example £5000. These gifts are paid out of your estate first, and then what's left is divided up as per the instructions in your will.
Specific gift
A specific gift is a nominated object, for example an artwork, a collection of records or an antique.
If you want to keep a particular item in your family, then this could be a good way to pass the item on.
Useful wording for writing your Will
We'd recommend that you have your Will written by a solicitor or a professional Will-writing service. This helps prevent any future legal issues.
If you'd like to leave a gift to Mind in your Will, you and your solicitor can use the formal wording below. This will help ensure your wishes are carried out.
I give [insert percentage] of my residuary estate to Mind (registered charity number 219830), 2 Redman Place, London E20 1JQ to be applied for its general purposes. I declare that the receipt of the finance director or appropriate officer shall be a complete discharge to my trustees.
I give [insert amount] to Mind (registered charity number 219830), 2 Redman Place, London E20 1JQ to be applied for its general purposes. I declare that the receipt of the finance director or appropriate officer shall be a complete discharge to my trustees.
Questions about gifts in Wills?
Email our Wills team at [email protected] or call us on 020 8215 2244. You could also download our free guide to Wills.