WHAT IS FREE WILL WRITING?

At Born Free we’ve teamed up with Farewill, who were voted the 'top national Will writing firm of the year 2019', to offer our supporters a free Will*.

These can be completed online in just 30 minutes with professional support from Farewill.

*Available to supporters in England and Wales. You don’t have to include a gift in your Will to Born Free to use this service, but we hope you will consider a gift once your loved ones are provided for.

INHERITANCE TAX RELIEF

Lots of people worry about Inheritance Tax (IHT) but the good news is that leaving a gift to charity in your Will can help to reduce the tax burden on your estate. An estate worth more than £325,000 is liable for IHT which is currently 40% on anything over this amount. There are ways that you can reduce the amount that is taxable by:

• Leaving a gift to a charity, such as Born Free. The value of the gift would  be taken from your estate before the tax liability is calculated.
• Leaving at least 10% of your net estate to a charity like Born Free would  reduce your inheritance tax from 40% to 36%.

Please note that this is for guidance only and your legal adviser will be able to explain how IHT rules apply to you and your particular circumstances. The Government website contains helpful information and useful examples and HM Revenue & Customs offer an Inheritance and Probate Helpline: 0300 123 1072.

You can calculate your predicted inheritance tax liability, and how this can be reduced with a gift to charity using the Government's inheritance tax calculator.