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Legacy Giving
Leaving a gift to charity in your Will is an amazing way for your generosity to last beyond your own lifetime.
A legacy to the Friends provides a very important source of income and is free of inheritance tax, so if you'd like to make a gift for a particular ward or leave the residue of your estate, please mention us in your Will. There are a few different kinds of gift you can leave in your Will. The most common are described below.
Its important to remember to keep your Will current as things change in your life - if you get married or have children for instance, you'll need to update your will.
For more information or to join email:
info@stroudleagueoffriends.org
Click here to download a (form of Codicil)
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The most common are described below:
Residuary bequest
A gift of the remainder of the estate after all other bequests have been made and debts cleared is called a residuary bequest.
Pecuniary bequest
A gift of a fixed sum of money in your Will is called a pecuniary bequest.
Specific bequest
A particular named item left as a gift in your Will is known as a specific bequest.
Contingent bequest
A gift in your Will that depends upon the occurrence of an event which may or may not happen is known legally as a contingent bequest. An example is a bequest to a charity which applies only if other beneficiaries named in the Will die before the testator (person who made the Will). |
