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will query

Posted: November 12th, 2016, 4:29 pm
by hermit100
As some on LF will know, I run a small hedgehog rehab. at home which at the moment I fund more or less completely from my own money (bar a few small donations from people who bring me hedgehogs).

My will currently states that all the hedgehog stuff should go to [a named other hedgehog rescue] to use or pass on as they see fit.

I will be increasing my fundraising activities and am about to get the hog rehab listed with HMRC as a small charity for tax purposes. Under the 'winding up' part of its constitution it is stated that if the charity is wound up all money and property it holds are to be given to another charity with similar aims. Therefore what it says in my will is fine in a sense but I presume that once I have the small charity thing going all the property is no longer 'mine' but belongs to the charity so should I (a) just take it all out of my will altogether, (b) put a statement in my will that this stuff is not mine, thus not part of my estate and that action must be taken as per the charity constitution (c) leave it as it is or (d) something else?

Thanks.

Hermit.

Re: will query

Posted: November 12th, 2016, 4:41 pm
by rgifford
Leave your will as it is.

When you die, if there isn't anything to pass on there is nothing lost. I'm sure there are lots of wills bequeathing specific items which are no longer owned at time of death.

Re: will query

Posted: November 12th, 2016, 4:47 pm
by PinkDalek
hermit100 wrote:(d) something else?


I'd place a letter with your Will, addressed to your Executors, explaining that all Hedgehog related stuff now belongs to the new charity (if that is the case) and provide the charity trustees' contact details.

PD

Re: will query

Posted: November 12th, 2016, 8:19 pm
by Clitheroekid
I would agree that it's not worth altering your Will. It will be perfectly obvious to those administering your estate what's happened, and it won't affect the administration.

Re: will query

Posted: November 13th, 2016, 11:07 am
by hermit100
OK, thanks all. I'll leave the will as is and will have a word with my executor just so she knows the score.

Re: will query

Posted: November 15th, 2016, 12:41 am
by Gengulphus
hermit100 wrote:OK, thanks all. I'll leave the will as is and will have a word with my executor just so she knows the score.


No problem about doing that, but I would also take PinkDalek's advice and leave a letter with your will, addressed to your personal representatives, as a safeguard against memories of your word with the executor fading, or your executor being unable to act and someone else having to administer your estate.

Gengulphus

Re: will query

Posted: November 16th, 2016, 5:11 pm
by hermit100
Indeed yes, I shall do that too. Cheers.