For executors and solicitors
Paying in a legacy gift
All gifts in Wills are looked after by our Legacy Administration Team at our Head Office in Poole, Dorset. They are the only people authorised to give a proper receipt and discharge to executors.
Legacies for the specific benefit of a particular location, station, or purpose should still be sent to this address. This enables our dedicated volunteers to devote more of their time to their lifesaving work. The team will of course make sure that the funds are restricted for the location or purpose specified in the Will.
Send a cheque payable to ‘The Royal National Lifeboat Institution’ to:
West Quay Road
We will be really grateful if you can include:
- the full name and title of the deceased
- their last address
- the date of death
- the executor’s name and contact details
- a copy of the Will
- any information about the reason for the legacy
It is also good practice for an executor to notify beneficiaries as soon as possible.
This will enable family members to amend a charity’s records and ensure that future mailings are not sent out to the deceased. We know that such things can be distressing.
Other payment methods
If you would prefer to make a payment by another method please contact our Legacy Administration Team.
Collection of items
We don’t usually collect items, unless there are exceptional circumstances. Unlike other charities, we don’t have a chain of shops where we can sell items that have been left to the RNLI. We are able to sell some items through eBay, but items of value or special interest such as stamp collections and artwork are valued and sold with the help of professional auctioneers or retail specialists. In these cases we would make special arrangements for collection or delivery.
Administering a gift
In most cases we would prefer to receive the sale proceeds of property or shares gifted to the RNLI in a Will.
However, each individual case is different, so before taking any action to either transfer or sell the property or shares, please contact us.
Charities are exempt from inheritance tax. This means that gifts to the RNLI are ordinarily paid free of tax and are deducted from the estate before the tax is calculated.
Charities are also exempt from capital gains tax so, if an asset is sold as ‘bare trustee’ for the RNLI, we can reclaim the tax. We can also reclaim income tax that has been deducted at source from income of the estate.
The rules are complex, so to avoid the estate paying more tax than necessary, please get in touch.
If you’re a solicitor and have been asked to include a pecuniary or residuary gift to the RNLI in a Will, you may find the following wording helpful:
‘The Royal National Lifeboat Institution (a charity registered in England and Wales (209603) and Scotland (SC037736). Registered charity number 20003326 in the Republic of Ireland) of West Quay Road, Poole, Dorset, BH15 1HZ’
For wording of Wills in the Republic of Ireland, or for any other type of gift, please contact us.