Writing your Will
Thank you for considering a gift in your Will to Goldsmiths. This page contains practical information on how to do so, including our free Will-writing offer.
Primary page content
Free Will service
Goldsmiths alumni and staff can . MyIntent offers a simple and convenient Will-writing service designed to help you create the right Will for your needs, with clear guidance each step of the way.
How it works
- Visit Goldsmiths page on MyIntent and complete the online Will interview.
- Receive independent legal advice online, with tailored recommendations for your Will based on your circumstances.
- Choose your next step. Book a free 30-minute video appointment with a legal expert to discuss your wishes further. Or, if suitable, proceed straight to requesting your free basic Will.
- Receive your Will along with clear instructions on how to sign and witness it correctly.
Need to know: If your Will is more complicated, you might need to pay for a Will with additional protections. If this applies, you'll be told about any fees straight away. You can then decide whether you'd like to proceed.
There's no obligation to include a gift to Goldsmiths when you use this service, but once you've cared for your loved ones, you might consider leaving a legacy to the university. A gift in your Will can support talented students, fund groundbreaking research, and drive innovation across the arts and social sciences.
To explore other Will-writing options, please visit the鈥�痶o find a solicitor.
Inheritance Tax
As an exempt charity, any gift in Will left鈥痶o鈥疓oldsmiths is free from UK inheritance tax for UK residents.
In the UK currently, the value of your gift is deducted from the鈥疎state's value before inheritance tax is calculated. This means that by remembering Goldsmiths in your鈥疻ill, you may be able to reduce the taxable value of your assets and lower the amount of inheritance tax due.
For example, for those who choose to leave 10 per cent or more of their estate鈥痶o charity,鈥痶he inheritance tax liability can be reduced from 40 per cent to 36 per cent.
Please be aware that we can only provide this information about Inheritance Tax rules. These can change at any time, so it is important that you seek legal advice to discuss the contents of your Will.
Learn more about inheritance tax on the鈥�.
Types of legacy gift and suggested wording
Residuary bequest
This is when you leave a鈥痯ercentage of鈥痽our Estate after鈥痚xpenses have been paid.鈥疉 residuary gift is less likely to be affected by inflation so鈥痠t's鈥痶he most valuable way to leave money in your鈥疻ill.
Pecuniary bequest
This鈥痠s a鈥痜ixed cash sum, which can be index-linked to rise with inflation鈥痑nd preserve its value.
Specific bequest
A specific鈥痑sset,鈥痵uch as property, valuable artwork or stocks and shares, that would be sold by the university.
Reversionary bequest鈥�
This enables you to pass your鈥疎state (or asset) to鈥痑n initial鈥痓eneficiary鈥痜or鈥痶heir lifetime. After that鈥痶ime, the estate (or asset) can be passed to the鈥痷niversity鈥痑bsolutely.
A legacy鈥痚ndowment
An endowment is a significant sum鈥痠nvested wisely to grow and provide secure long-term income for the鈥痷niversity.鈥�
As a helpful basis for discussion with a legal professional, please download our suggested wording document.
Updating your Will
If you already have an existing Will, you can make an amendment and include a gift to Goldsmiths by completing鈥痮ur鈥疌odicil Form.鈥痀ou should always use an independent legal professional to鈥痑dvise鈥痽ou on how to add this Codicil to your Will.
Bequests from the USA
Goldsmiths鈥� College is registered with the British Schools and Universities Foundation, a US-based education foundation with 501(c)(3) tax exempt status. This means alumni and friends of the College living in the United States can鈥痯ossibly benefit鈥痜rom the tax deductions on their charitable donations. A legacy gift can be made to BSUF who will then send the funds to Goldsmiths鈥� College at no charge. Please be aware that we can only provide this information about charitable donations and it is important that you seek鈥痑ppropriate legal鈥痑dvice before leaving a legacy gift to BSUF.
Contact us
We鈥檇鈥痩ove to hear from you.鈥疘f you have any questions about leaving a gift in your Will or want to learn more about how Goldsmiths could support your wishes, please do not hesitate to reach out to our Legacy team: giving (@gold.ac.uk)
If you have chosen to include Goldsmiths in your Will, we would be grateful if you could let us know so we can welcome you to Goldsmiths Legacy Society.
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