Leave a Legacy
Don’t leave the future to chance. Wildlife needs Will power. Leave a legacy for wildlife & protect our inheritance.
We are very fortunate in Nottinghamshire to have such a wonderful array of wildlife and habitats on our doorstep. Leaving a gift in your Will to Nottinghamshire Wildlife Trust helps us protect the threatened species and fragile places we all love.
Everyone should make a Will, even if you think your estate is of little value, as it is the only way to ensure your property and possessions go to those you wish after your death. If you do not leave a Will it can cause a great deal more work for relatives at an already stressful time. Once you’ve made a Will, it is important to keep it up-to-date, as life changes, such as marriage or the arrival of grandchildren, may affect your wishes.
Tax Benefit to writing a Will
Most people’s main asset is their home. Inheritance Tax (IHT) is index linked but whereas 15 years ago your property may have represented 60% of the IHT threshold, it may now exceed it. Every penny over the IHT limit is taxed at 40% - except legacies to Charities, which are tax exempt.
One way of guarding against the effects of inflation is to divide your Will into percentages.
A ‘residual legacy’ ensures all beneficiaries receive the share of your estate you intended when the Will was written.
Other common legacies include a ‘specific legacy’ where a specific item such as land or property is left to an individual or organisation, or a ‘pecuniary legacy’ where a specific sum of money is left.
Remember A Charity in Your Will Week
As part of the annual Remember a Charity Week, during September each year, a number of local leading Will-writing solicitors are supporting us by providing you with various offers available to see here. Some have kindly offered their support all year round so when you are ready, you can get professional help to write a Will or update your existing one. You don’t have to go to extremes for charity, including a gift in your Will is legendary enough.
Whilst many members & supporters may be planning to leave Nottinghamshire Wildlife Trust a gift in their Will, very few ever tell us in advance. However, as we plan for the future of the Wildlife Trust, it can be very helpful to know that people intend to support us in their Will. We don’t need to know details other than that they intend to make a bequest.
We have a helpful Legacy Booklet which provides some more information about how you can pledge to leave a gift to Nottinghamshire Wildlife Trust in your Will. If you would like a Legacy booklet, please contact Rachel.
If you are still unsure, here is our legacy charter.