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Leaving a legacy

Legacy FAQ

Use our handy guide to find out about making or changing your Will to include a gift to us. It might be a lot easier than you think – and we guarantee it will have a big impact on the lives of sea lovers young and old for many years to come. Thank you.

What basic information do I need to include when I'm leaving a gift in my will to Sea Cadets?

The most important bits of information to include are our name, address and registered charity number:

Marine Society and Sea Cadets

202 Lambeth Road

London SE1 7JW

Registered charity in England and Wales (313013), Scotland (SC037808).

Why should I make a Will?
How can I be sure my Will is valid and accurate?
How much will it cost me?
Why would I need to update my Will?
How do I change my Will?
How do I choose a solicitor?
How do I name executors?
Should I choose guardians?
Do I need witnesses?
How do I know what to leave?
Why should I include Sea Cadets in my Will?
What type and size of gift do most people leave to Sea Cadets?
What types of gifts are there?
Which type of gift is best for Sea Cadets?
Can I leave a gift to be used for a specific area of work?

Gifts in Wills play an important role in our income and if you don’t limit your gift to a specific area of work it can be incredibly helpful for us – we can use your gift wherever the need is greatest. However, some of our supporters want to leave their gift to a special part of Sea Cadets, such as helping a local Sea Cadet unit, naming a boat, or giving a young cadet the chance to experience an offshore voyage. Please contact our Fundraising Team on 020 7654 7018 or email fundraising@ms-sc.org to discuss your specific gift in more detail.

What are the tax benefits when you leave a gift in my Will to Sea Cadets?

At the moment, if your estate is worth over £325,000, your loved ones could end up paying Inheritance Tax at 40%, meaning that they actually receive far less than you intended. Yet, there is a way to beat Inheritance Tax and ensure you pass your wealth on to your family, not the taxman.

By leaving a gift in your Will to Sea Cadets for the excess of your estate above £325,000, you can make sure your family receive the full amount intended to them.

This means that making a gift to Sea Cadets in your Will could not only help fund all our life changing work, it could also be just enough to bring your remaining estate below the Inheritance Tax threshold and make sure your family gets exactly what you want them to.

To discuss this, or any other aspect of leaving a gift to Sea Cadets in your Will, please feel free to call our Fundraising Team on 020 7654 7018 or email: fundraising@ms-sc.org. They will be very happy to help you.

Inheritance tax | How does it work?

Each individual is taxed at a rate of 40pc on all their assets above a threshold of £325,000.

From April 2017 a new, higher threshold including a “family home allowance”, will begin to be phased in.

This will be worth £100,000 in 2017-18, £125,000 in 2018-19, £150,000 in 2019-20, and £175,000 in 2020-21.

Married couples will be able to pass estates worth up to £1m onto their direct descendants, including a family home.

People who sell an expensive property will be eligible for an “inheritance tax credit” so can still qualify for the new threshold, as long as most of the estate is left to descendants.

Call us on +44 (0)20 7654 7000 or email info@ms-sc.org for more information

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Patron: HM The Queen
A charity registered in England and Wales 313013 and in Scotland SC037808