Out & About posted on May 22, 2009 10:43
Leaving a legacy to Out & About means that you can continue to make a difference to your community by supporting local disabled children.
More people are chosing to leave a legacy to charity because they reduce your inheritance tax liability and are one of the most tax efficient ways to give.
A legacy left to Out & About will create new opportunities for disabled children and you can choose whether to leave a general gift, or specify a particular area or group of people you would like to benefit from your gift.
Out & About recommends that you always seek professional advice before writing or amending your will. For more information about leaving a legacy and to find out how your gift could make a difference, please contact the Chief Executive.
Types of Legacy
Pecuniary Legacy
If you want to leave us a legacy in your Will, your professional advisor will need to know our details.
For a general gift, please use:
'I GIVE, free of all taxes, [ ] POUNDS to THE OUT & ABOUT TRUST of 37-43 Fore Street, Ipswich, IP4 1JL (registered charity number 1068896) absolutely. The receipt of the treasurer or other appropriate officer for the time being of the Out & About Trust shall be a good discharge for the said legacy.'
For a gift for a specific area or group of people, please contact the Chief Executive at Out & About before you make your Will, as it is important the wording achieves the purpose you want effectively."
Gifts of Shares or Property
Are also free of tax, following incentives to encourage gifts to charity.
Residuary Legacy
The remaining value of an estate when all other bequests to family and friends have been made.
Reversionary Legacy
Allows the surviving partner to benefit from the estate during his or her lifetime and then for the balance of the estate to be passed free of tax to the charity.