St Peter and St James - Hospice and Continuing Care Centre

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Legacies

What are they?
A bequest in your will is one of the more traditional forms of giving to charity but remains a very important one. There are two types of legacies:

1. Residuary bequests - this means that once family and loved ones have been provided for, the remainder or a proportion of the deceased's estate is pledged to one or more charities.

2. Pecuniary bequests - this means that the deceased pledges a specific sum of money to a particular charity.

What are the benefits?
A bequest to charity enables you to make a planned gift to a charity you care about, whilst ensuring dependants are provided for. Charitable legacies are paid before tax is deducted, reducing the total amount of inheritance tax due from your estate.

How do they work?
You can either name a particular charity in your will or leave a sum of money to the executors with instructions as to how and to whom the sum is to be distributed. If you have a lawyer or solicitor, they should be able to provide you with information as to how charitable legacies can be incorporated within your will.

Where do I go from here?
Click here to download a guide to including a charitable bequest in your will. 

To make or amend a will you should contact your solicitor or a will writing service.

For further information contact Lesley Brooman on

01444 471598 or click here to visit Remember A Charity

Source: http://www.givingcampaign.org.uk/