Ways you can Help | Leaving a Gift to Charity in your Will
A pecuniary legacy is a set amount of money left in your Will. Some people choose to link this to the Retail Price Index (RPI) so that it’s value is maintained over time.
A residuary legacy is all or part of the residue of an Estate once all the liabilities, pecuniary legacies and specific bequests, have been paid from it. The other liabilities may include an outstanding mortgage balance on property, equity release, outstanding bills, the costs of the funeral and wake and the solicitors costs.
A specific bequest is when you bequeath a particular item in your Will. This could be, for example, a painting or an item of jewellery.
Restricting your Gift
This type of legacy restricts its use to a certain project or cause, rather than for the general funds of a charity.
For some it’s an easy or obvious choice, but for others it is a big commitment to decide to leave money to charity in their Will. Before making that decision, you may wish to speak to family or those who are closet to you and discuss matters with your solicitor or legal advisor.
On behalf of the charities which feature on our site, thank you for any gift that you may decide to leave to them, whatever its size.