As the British Association for Shooting and Conservation Limited is not a registered charity your executors will, if your estate exceeds the threshold for inheritance tax have to pay the due proportion of that tax on the gift. If the gift is not expressed to be free of tax the amount paid to BASC will be reduced by the inheritance tax payable. However, it is possible for you to specify that the full amount of the gift should be paid free of tax itself so that the amount paid to BASC is not reduced and the inheritance tax on the gift (if any) is paid from the residue of your estate. If you have any concerns about your inheritance tax position you can discuss these with an independent financial adviser. They may be able to make recommendations to mitigate the problem.
Many people prefer to see donations made to BASC in lieu of floral tributes. If this is stated in your will, the executors can make sure that your wishes are known. The following wording will ensure that your wishes are met: I request my executor to ensure that instead of flowers at my funeral donations are made to the British Association for Shooting and Conservation, of Marford Mill, Rossett, Wrexham LL12 0HL.
If you want to leave special belongings to BASC such as a firearm, furniture, a painting or even the contents of your house, BASC would be pleased to discuss this with you. Items would then be retained or sold with the proceeds used in accordance with your wishes. We appreciate that personal belongings are very special and any such transactions would be handled with great care and sensitivity. As with any property we would ask that you get in touch with BASC first to discuss your intentions.
A fixed sum, or pecuniary legacy, can be left using the following suggested wording: I give to the British Association for Shooting and Conservation, of Marford Mill, Rossett, Wrexham LL12 0HL (hereinafter called BASC) the sum of £_______ and I direct that (i) the proceeds may be used for the general purposes of BASC and (ii) a receipt signed by a person for the time being authorised by BASC's council shall be a good and sufficient discharge to my executors.*
The following wording can be used to gift a share of your estate to BASC: I give to the British Association for Shooting and Conservation, of Marford Mill, Rossett, Wrexham LL12 0HL (hereinafter called BASC) the residue (or percent share of the residue) of my estate absolutely and I direct that (i) the proceeds may be used for the general purposes of the BASC and (ii) a receipt signed by a person for the time being authorised by BASC's council shall be a good and sufficient discharge to my executors. *
There are free sites to write your will. However, one tiny error can invalidate the entire will, so we recommend that you employ a solicitor to do the work. Who should I speak to? When you decide to make a will, or update it, contact a professional adviser. This be a solicitor or financial adviser. Who will be able to advise you on the correct wording if you decide to leave BASC a legacy in your will.
The sooner the better! If you already have a will you should review it regularly, particularly when your personal circumstances change for example, if you get married or divorced, if you have new children or grandchildren, or you move house.
Many people make false assumptions about what will happen to their estate if they do not have a will. Not leaving a will could result in lengthy and expensive complications for your family to sort out.