Did you know that you can now support The Aloud Charity by leaving a gift in your will?
We are delighted to have partnered with JNP Legal to offer a free will-writing service. By leaving a donation and remembering The Aloud Charity in your will, you’ll give young people unforgettable, life-changing experiences.
A gift of any size will provide a safe space for future generations of young people across Wales to grow in self-belief, to learn new skills and make friends for life. What better way to celebrate your love of music and singing, your passion for Wales, or your belief in a better future for our young people.
We sat down with Rachael McCarthy Jones, a Solicitor in JNP’s Wills & Probate team, to go back to the basics. We learnt about why it’s important to have a will, how to go about making one, and how you can support The Aloud Charity at the same time!
So Rachael, tell us a little bit about your role?
I work for JNP Legal, who are high-street solicitors. We have offices in Merthyr Tydfil, Nelson and Cardiff. We’re a very hands-on firm, and the needs of our clients are at the heart of what we do. We like to go above and beyond in that sense.
What’s a will?
A will is a legal document that states what will happen to your assets after your days.
A will allows you to ensure that you’re providing adequate provision for your loved ones, or the people in your life that you want to make sure are looked after.
When is the best time to write a will?
A soon as you own assets – if you purchase a property, if you inherit any money, or perhaps if you have children, it’s wise to write a will. You must be 18 to make a will, but as soon as you experience those life-changing moments, like investing in assets or starting a family, you should think about it as part of your general life planning.
You should review a will every 3-5 years, even if it’s just a case of digging it out and checking that the executives and guardians in it are still suitable.
What happens if you don’t have a will?
If you don’t have a will, then the rules laid down by law will govern who will inherit your estate.
If you don’t have a will and don’t have a spouse or children either, then there can be lots of complications. Lots of research would need to be done to track down any distant family members who would inherit your assets.
To give you an example, I’ve got a case currently, where a gentleman passed away without a will, and we’ve found 54 beneficiaries. That means that his estate will go to lots of people that he probably didn’t even know existed – and if he had made a will, there’s no doubt he would’ve chosen others to benefit.
So, not having a will can cause complications and get a bit tricky. It’s always a good idea to have one.
How do you go about making one?
You would make an appointment with a solicitor. In that appointment you’d have a chat about your personal circumstances, your assets and anything else that you want to address. You’d then receive specific advice from the solicitor that fits your situation. They would then prepare a draft will based on your instructions. You would then be able to review it in your own time. Finally there would be a follow-up meeting to go through the document with the solicitor and sign it with a witness.
What would the typical costs be for a simple will?
A simple will for a single person is £150 + VAT. A mirror will is £250 + VAT.
How do people go about choosing a charity to support in their will?
Usually, people come to us with a charity already in mind. This might be an organisation that they have a special connection to or that meant a lot to them. Perhaps someone close to them received support or benefitted from the charity.
It’s a good idea to let the charity know you are planning on leaving a gift in your will. They might be able to provide extra information about how your future donation will make a difference and charities always appreciate the opportunity to say thank you.
How can you leave a gift in your will to The Aloud Charity?
You can leave a cash gift in a will of however much you wish.
Writing a will usually costs around £150. Sometimes people leave a donation of a similar amount, which covers the cost of producing the will.
People who don’t have close family members sometimes decide to leave a percentage share of their estate to a charity important to them, which could amount to tens of thousands of pounds.
We are proud to be working with The Aloud Charity to offer a will writing service for free, which means 100% of your donation will go directly to supporting their work.
To find out more about how you can support The Aloud Charity by leaving a gift in your will, please visit our Legacy Giving page.
Or, if you’d prefer to have a confidential chat about any of the ways that you can support us, please call 029 2048 1715 or email [email protected]