A generous man will himself be blessed' Proverbs 22:9
At some point we are all touched by the certainty of death, whether that is the death of a partner, a
friend or relative, or ultimately our own. The work of Dove Cottage relies on the generosity of men
and women who believe their giving can make a difference, if not in life then in death, to those who
are suffering now.
WHY LEAVE A LEGACY TO DOVE COTTAGE ?
Leaving a legacy is a easy way of making sure our work continues beyond your lifetime and can take many forms. Whether you leave a share of your estate, a specific sum of money or an item of personal property, it all helps to provide the support and help that our guests need. They may not know who their beneficiary is but you will be blessed in knowing that you did not fail them, and those who are still to come, in their hour of need.
TYPES OF LEGACY
There are several types of legacy and any solicitor will advise you what type of legacy would be suitable for your circumstances. You not not have to be rich make an affordable gift and it can reduce any inheritance tax liability for your family.
* A residual legacy, in which the rest of your estate, after debts and expenses have been paid, is left either in entirety or shared among named beneficiaries.
* A specific cash sum, often linked to inflation.
* An item of property, such as a house or shares or a piece of jewellery.
MAKING A WILL
For the sake of your dependents and to ensure that your wishes are met regarding your estate, it is important for everyone to make a Will.It is easy to incorporate a legacy in this process.
If however, you have already made a will and now wish to consider leaving a legacy, then it is possible to add a codicil, which is a new clause to yor original will, and any high street solicitor can advise you on that.
UPDATING A WILL
Wills need to take account of any changes in personal circumstances as an out of date will can have unintended results, or even be unenforceable.
Updating your Will in the light of new circumstances is also an opportunity to consider adding a charitable legacy.
If you would like more information regarding any of these options,please feel free to ring us on 01949 860303 for further details.
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