Frequently Asked Questions
Will my money be put to good use?
Most definitely! All the gifts we receive go towards achieving our charitable aims. Whether it’s supporting our education programmes or literally saving the lives of horses, every gift we receive is vital to this work.
We are honoured to receive any gifts, no matter how large or small and therefore it’s our duty to make sure the gift is responsibly used to further the work of The British Horse Society.
Can I choose how my gift is spent?
We welcome all the generous gifts we receive. However, gifts that are made unconditionally are of particular value to us as they allow us to direct the funds to the areas that have the greatest need at the time when the gift is made. This is why we have set up the ‘Forever, for the Horse’ fund, as all the money which is kindly donated to this fund helps support our work across equestrian welfare, education, access and safety.
However, if there is something specific that you would like to help support, we would be more than happy to talk through the options, though we would like to recommend that such preferences be expressed as a wish rather than a condition. This is because we are unable to foresee how all the areas of our work might change over the next 20, 30 or 40 years. An 'expression of wish’ in your Will gives us the flexibility to transfer the gift to a similar area of work, at the discretion of your executors, if it is no longer possible to fund the project you have requested.
I want to leave a gift to The British Horse Society. Do I need a solicitor?
You don’t need a solicitor in order to make a Will. However, we recommend that you take legal advice to ensure that your Will is valid and that your wishes are correctly set out within the Will. Many solicitors will be able to quote a fixed fee for preparing your Will.
How do I make a Will?
A Will is a written document that sets out your wishes in the event of your death. This will include details of who you wish to administer your estate and who you wish to benefit. You can also appoint guardians for your children. Once the Will is prepared, it must be signed in the presence of two independent witnesses. It is important that the Will is signed correctly or it could be deemed invalid.
Although you can prepare your own Will, we do recommend that you take legal advice and consider having the Will prepared by a professional.
What if I need to change my Will again?
You can change your Will at any time after you have made it. This can be done by making a new Will which cancels the earlier one or a Codicil, which is an addition to the original Will. A Codicil usually only deals with minor alterations.
I’m an executor of a Will. What do I need to do next?
An executor has a legal obligation to carry out the wishes in a deceased person’s Will. They must protect the assets within the estate, pay any liabilities (including any taxes) and ensure that the estate passes to the correct beneficiaries.
The first steps you will need to take will include:
1. Registering the death and arranging the funeral (although this may have been dealt with by the family)
2. Identifying and valuing the assets within the estate. Notifying the asset holders and any creditors of the death.
3. Applying for a Grant of Probate (if required to collect the assets).
Once you have obtained the Grant of Probate, you can arrange to pay the liabilities and deal with the assets of the estate in accordance with the terms of the Will.
Can I avoid inheritance Tax with a legacy to The British Horse Society?
Any gift to a spouse or charity is exempt from Inheritance Tax, so any gift to The British Horse Society will be completely free of Inheritance Tax.
The inheritance tax threshold is currently £325,000 (or £650,000 for married couples). If your estate is worth more than the threshold, Inheritance Tax will be payable at 40% on any value over this amount, unless other exemptions or reliefs apply.
In addition, if you leave more than 10% of your net chargeable estate to Charity, the rate of Inheritance Tax on the rest of your estate is reduced to 36%. Further information about gifts to charity is available from HMRC.
How can I discuss leaving a legacy to The British Horse Society?
If you would like to discuss leaving a legacy to The British Horse Society, or are dealing with an estate which includes a legacy to the Society, please contact Laura Pepper (Director of Fundraising) on 02476 840500 or email firstname.lastname@example.org. Alternatively, you can write to Laura at The British Horse Society, Abbey Park, Stareton, Kenilworth, Warwickshire CV8 2XZ.
Which charity numbers need to be used?
In England and Wales, our registered charity number 210504
In Scotland, our registered charity number is SC038384.
We always highly recommend speaking to a Solicitor qualified in Wills and Probate to help you draft your Will so that it reflects your wishes.