How do I make a will?
Making a Will is often a simple and inexpensive process. As a legal document, it is important to get the wording right so we recommend you consult a solicitor or professional Will writer. They can also advise on the most tax-efficient ways to administer your estate. If you need help finding a solicitor, the Law Society of Scotland or Law Society can help. You can also contact us for suggestions of Edinburgh based solicitors.
You can download all this information in our Leaving a Legacy - made easy brochure.
What types of Gift can you make?
A percentage or share of your estate: For example, you could leave a 1/5 share or 10% of your total wealth. This is known as a residuary gift.
A lump sum: For example, you might wish to give a fixed sum of money like £1,000, £5,000 or £10,000. This is known as a pecuniary gift.
A valuable item: For example, you can gift property, antiques or shares to the University. This is known as a specific gift.
Other assets: You can also make the University the beneficiary of a life insurance policy, company benefit or pension fund.
Variation of Will: Many families choose to make a variation of Will from their share of the estate, perhaps to make a gift in memory of their loved one or to reduce tax liability.
Our charity details for your will
Should you choose to support the University in your will, your solicitor will need our details to make sure we receive your gift:
Edinburgh Napier University Development Trust, charity number SC030225, Development & Alumni Office, Sighthill Campus, Edinburgh EH11 4BN
This applies to gifts from the UK and most other countries.
Is there a Tax advantage?
We are recognised as a charity by the Inland Revenue and, therefore, pay no tax on the gifts we receive.
Legacies also have tax benefits for your estate, as any bequest to the University is deducted from the value of the estate before Inheritance Tax liability is calculated.
If we can help, please do not hesitate to be in touch at development@napier.ac.uk