Leaving your Estate to Charity?
There are different types of gifts in wills. Some of the most common ones we deal with are!
Leaving a share of your estate to charity is also known as a ‘residuary gift’. One of the advantages of leaving a share of your estate to charity is that it doesn't lose value over time, and if you leave a proportion to a charity, you can still ensure other beneficiaries are provided for first.
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What types of charity will's are there?
Residuary gifts - A share, or sometimes all, of an estate after all the other payments have been made.
Pecuniary gifts – A specific sum of money
Specific gifts - A particular item, such as property, antiques, jewellery or shares.
What is a Legacy Gift?
A legacy gift is a specific item or donation left in a will. It is also commonly known as ‘gifts in wills’.
Legacy gifts are one of the most significant contributions you can make to a cause you care about. Over 1/3 of Cancer Research UK’s work is funded by gifts in wills.
It is important that the gift is described precisely in your will so that the executors can understand exactly what you intended.
If you would like us to contact you to discuss our will drafting services please get in touch.
We recommend registering your will with the National Will Register, Certainty. So no matter where you are in the world, you know your will can be found without question.
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