\u2018I don't want to achieve immortality through my work; I want to achieve immortality through not dying,\u2019 said Woody Allen. \r\n\r\nThat option isn\u2019t open to any of us \u2013 but if you leave a charitable legacy in your will, you might achieve the next best thing.\r\n\r\nWhen you write your will, your first thought will naturally be for your nearest and dearest. But wouldn\u2019t it be good to make the last effective act of your life also one of the best? Leaving a gift to one or more charities of your choice is a chance to go out in a way you\u2019d really want.\r\n\r\nCharity 1, Taxman nil\r\n\r\nIf your estate is worth more than the inheritance tax nil-rate band (currently \u00a3325,000 per person) your beneficiaries will have to pay tax at 40 per cent on everything above this band. So if money will be lost to tax anyway, it makes a lot of sense to choose a charity to receive it instead \u2013 because the amount you give to charity won\u2019t be taxed.\r\n\r\nEven better, if you donate 10 per cent or more of your estate to charity, the inheritance tax on the rest will only be 36 per cent, instead of 40. And if your donation brings your estate down below the nil-rate band, your family will avoid inheritance tax altogether.\r\n\r\nWhat are your options?\r\n\r\nThere are many ways to leave a gift to charity \u2013 some are very simple, others are more complex but come with certain advantages.\r\n\r\n\tA cash gift -\u00a0leaving a set sum of money is easy, but it\u2019s probably not the best choice, as you don\u2019t know exactly what your estate will be worth when you die.\r\n\tA gift in trust- you can leave a gift in trust so that one beneficiary can have use of it for a period of time, before passing it on. For example, you could leave a property to be used as a Scout hut for a number of years, to be sold later to benefit your family \u2013 the best of both worlds.\r\n\tA conditional gift - you could state that the charity will receive your gift only if certain conditions are met \u2013 for instance, if your main beneficiaries die before you, you can specify that the charity will inherit.\r\n\tA share of your estate - instead of leaving a fixed sum, you can specify that a percentage of your estate will go to charity. Alternatively you could make a \u2018residuary gift\u2019, whereby everything not left to other people will go to the charity.\r\n\tPhysical items - there may be actual objects such as antiques, valuables or works of art that you wish to leave to charity. Certain items (such as property) might have far more practical value to a particular charity than the monetary value alone.\r\n\r\nRemember, whatever your wishes, you need to specify them in a legally binding will or they won\u2019t happen. We always\u00a0recommend speaking to a\u00a0professional advisor\u00a0who can help you draw up a will that expresses your wishes clearly.\r\n\r\nMaking your will\u00a0guarantees peace of mind, and\u00a0remembering a charity gives you a part to play in their future.\r\n\r\nNick Green, Communications Manager at unbiased.co.uk\r\n\r\nFind out more about\u00a0getting professional\u00a0advice\u00a0and finding a charity to leave a gift to.