Leaving a legacy gift in your Will can help us to change a child’s life. It's a really good way to make a truly life-changing difference for future generations of children by helping to ensure they get the care and support they really need.
This is given as a percentage or share of your estate once all specific gifts, debts and expenses have been met. A residuary gift is particularly valuable because it maintains ‘real value’ in line with the rate of inflation. It’s a popular way to leave a legacy gift because it ensures your loved ones are taken care of and you don’t need to keep changing your Will as circumstances change.
This is a bequest of particular items or assets that are not in the form of money. This could be property, shares, works of art or other valuable items.
A gift for a specified sum of money (e.g. £5,000). As inflation rises and living costs increase, monetary gifts are subject to lose value and therefore you may wish to update this gift periodically or consult your solicitor on ways to protect the value of a gift of this kind.
We strongly advise that you consult a solicitor when making your Will, but we can provide a copy of our ‘suggested wording’ for guidance on how to include a gift.
If you have already made your Will, the easiest way to include a gift is to use a Codicil Form. Then all you have to do is return it to your solicitor for it to be added to your Will.
For more information, contact:
Development Manager at Newlife.
Tel: 01543 431 455