How to leave a legacy
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.
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.
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.
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: Leaving a Legacy