Frequently asked questions

Can I change my will?

Yes, you can change your will at any time. This can be done by means of a small addition called a ‘codicil’. A codicil is a simple document that needs to be drawn up and witnessed in the same way as your original will. You can add extra beneficiaries or alter the gifts you would like to leave. You will want to review your will from time to time, as your circumstances are bound to change. Any small changes you wish to make, such as leaving a part of your estate to a charity, can be done by means of a codicil.

There are occasions when it is legally necessary to make an entirely new will. These include marriage or remarriage, which automatically revokes any existing wills.

How much does it cost?

This depends on how complicated your will is going to be. The typical cost is between £30 and £50. You can find a solicitor using the website of the law society.

Is there any Inheritance Tax saving by leaving a legacy to the Karuna Trust?

Yes, Inheritance Tax is not payable on bequests to a registered charity. This can lead to very significant savings.

Where should I keep the will?

The important thing is that your family and especially your executors know that you have made a will and where it is. Your solicitor will look after it for you if you wish.

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