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A legacy is part of your Will.
Including Froglife in a Will is a straightforward way to support
our charitable work and ensure it continues. If you already
have a Will, it simply involves adding a short paragraph known
as a Codicil.
Remember that as a registered charity, legacies to
Froglife are free of inheritance tax. For information on
inheritance tax, visit the
HM
Revenue and Customs website but also ask for advice from
your solicitor or tax advisor.
There are three types of legacy and to help you we have prepared
some sample wordings, including the essential information
needed, that you may wish to take to a solicitor. Legacies can
be added to an existing Will through a
Codicil.
This is a gift of all or part of your net estate (what remains
after all taxes, specific gifts and the cost of administering
the estate have been paid). This type of legacy should be
expressed as a percentage or share of your estate. Wording a
residuary legacy.
This is the gift of a specific item or asset such as a property,
shares or jewellery. The charity then has the opportunity to
sell or auction these items to raise funds. Wording a
specific legacy.
This type of legacy is a fixed sum of money. It is worth bearing
in mind that inflation can erode the value of pecuniary
legacies, so it is a good idea to review your Will on a regular
basis, whether or not your circumstances change. It is a popular
way of giving because it does not need to be updated to account
for changes in values and ensures that your other priorities
have been fulfilled first. Wording a
pecuniary legacy.
Alternatively, if you don't want to leave a legacy in your Will,
you may want to think about a
memorial collection.
Download a leaflet containing all
the information and wordings:
Legacy leaflet.
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