Legacies & Wills
Leaving a gift in your Will
As a charity, we depend on legacies and donations to help us continue our vital work. Leaving us a gift in your Will means that we can continue to protect The John Clare Cottage.
If this is something you are thinking about, our Chief Executive, is here to give you help and advice. We hope that you find the following information helpful if you need further assistance, do not hesitate to get in touch on 01733 253330.
|How to leave a legacy|
It’s usually a lot more straightforward than people think. There’s more than one way to do it too. So you can make sure your Will does exactly what you want it to and honours your wishes.
There are two important ways you can leave a gift to a charity:
1. A pecuniary gift - when you leave a specific amount of money,
2. A residuary gift - when you leave a percentage of your estate
Residuary gifts are extremely helpful because they tend to be inflation-proof, being a percentage rather than a specific sum.
|How to write your Will|
When it comes to writing your Will, there are lots of ways you can go about it.
Every gift we receive in a Will makes a vital contribution to our work. But how do you go about arranging it?
1. The first step is to talk to a solicitor or professional advisor
If you don't already have a Will, a solicitor will be able to draft one for you. This is usually inexpensive and vital if you want to make sure that everything is done correctly. By having a proper Will in place you can be sure your wishes will get carried out – from providing for your loved ones through to leaving a gift to your favourite charity. Even if you already have one, it's easy for the solicitor to add your gift by using what's known as a 'codicil'.
2. Now it's time to think about what you're going to leave
You can discuss this when you meet with your solicitor. However, it's well worth thinking about it beforehand. What you'll need to consider are the things you own e.g. your property, possessions and investments and the things you owe e.g. your mortgage, loans etc. That way you'll have a clear idea about how much you have and who you'd like to leave it to.
3. How would you like to make your gift to us?
Once you've made provision for your loved ones, you can then look at how you'd like to make your gift. You can either leave a specific amount of money, which is known as a Pecuniary Bequest or a share of what's left over after all your wishes have been carried out, which is a Residuary Bequest. Rather than leaving a precise sum of money, many choose to leave a percentage or the residue of their estate as it means that its value will not be affected by inflation.
A gift of an item(s). Occasionally, people leave us an item of value like a painting or piece of furniture. If you are thinking of leaving any specific item, please do contact us and we can discuss your wishes.
4. Make sure you're word perfect
In any Will, it's essential that the wording is legally sound and that there's no chance that it might be misconstrued. That's where your solicitor will prove invaluable.
5. Your Excecutors
Your executors are the people who will be in charge of making sure your wishes are carried out. It’s worth thinking carefully about who you appoint as your executors. They can be friends or family, or professionals like a solicitor..
6. We’d like to thank you
Leaving a gift in your Will is a very personal gesture and we appreciate that some people prefer to keep these things private. However, we’d really like to thank you for your kindness and show you what you’ll be helping us to achieve. You’ll also have the opportunity to experience behind-the-scenes access to The John Clare Cottage, speak to some of our dedicated staff about their work and receive our special newsletters. So please, do get in touch with our friendly team on 01733 253330