Legacy Leaving a legacy of hope for the animals of Greece As a valued supporter of GAWF, you have already made a vital contribution to our life-saving work for the animals of Greece. Will you consider helping these animals beyond your lifetime? It is something that everyone prefers not to think about but making a will is the only way to guarantee that your possessions and assets will be distributed in the way you would wish. A will can protect your loved ones too because if you die without leaving one, it could cause them a lot of worry at a time of great grief. If you have no family and die without making a will, then everything you own will go to the Crown. It is also worth remembering that gifts to charity are exempt from inheritance tax so you could be reducing the tax burden on your estate as well. Furthermore, Legacy 10, an independent campaign which aims to take advantage of the change in inheritance tax rules to increase the number of people leaving money to charitable causes in their will was introduced in April 2012. From this time anyone leaving 10% of their taxable estate to charity will qualify for a reduced rate of inheritance tax. Why choose GAWF? GAWF has campaigned and worked tirelessly since 1959 to bring about significant and lasting improvement to the treatment and status of animals in Greece. The fund has progressed with its mission by raising awareness of the plight of animals, providing practical help and funding to various projects throughout the islands. Leaving a legacy to GAWF is an effective way to make a lasting contribution to the welfare of Greek animals for generations to come. We do not receive any state aid from the Greek or UK governments and we can only continue with our life-changing work through the generosity of our loyal supporters. Making your will… A clear, well-written will should ensure that there is no dispute regarding your wishes after your death and employing a solicitor to do the job is advisable. It does not have to be expensive or complicated. Before you go to your solicitor, make sure that you have all the information that they will need - names and addresses of all beneficiaries plus any charity registration numbers, so you can be sure that no-one is left out accidentally. If you have a husband, wife or partner, both of you need to have up-to-date wills. There is usually a reduction in fees if couples make ‘mirror’ wills. There are various ways of leaving a gift in your will so it is important to decide which type of gift you wish to leave to each recipient: A 'residuary' gift is a percentage or fraction of your estate and means that you do not have to put a precise value on your gift. A 'pecuniary' gift is a specific sum of money. A 'specific' gift is a particular item from your possessions, e.g. a favourite necklace or piece of artwork etc. As a general rule, it is advisable to split your estate into residuary legacies rather than set sums (pecuniary) as these will keep pace with inflation and this reduces the need for frequent updating of your will. This also has the advantage of making your estate simpler to administer and, consequently, may keep the legal costs down after your death. However, it is important to remember that you may need to update it at some point if your personal circumstances change. Once you have made your will, you can relax, safe in the knowledge that your affairs are in good order. Keep the document safe and make sure that your executors know where to find it. If you have any queries or would like to discuss with us how to remember The Greek Animal Welfare Any contact will be dealt with in the strictest confidence. If you are making a will, please consider GAWF and remember that leaving 10% of your estate to charity reduces your inheritance tax rate. GAWF is a registered charity and our number is 233574.