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Legacy
giving :
By
including a gift to YPAS in
your will you are demonstrating your concern for children
and young people in Liverpool and Merseyside.
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:
- 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.
- 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 dependents
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.
Remember
A Charity aims to increase the number of people
who leave a charitable bequest in their will. Click
here to visit Remember A Charity's website.
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