A GIFT IN YOUR WILL

LEAVING A CHARITABLE LEGACY

 

People often leave legacies to charities in their last will and testament. Legacies are a vital source of income for charities in the UK and we are entirely grateful to the generous people who choose to leave ROLDA a contribution.

 

Could you leave a wonderful gift to ROLDA that will keep on giving?

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The TYPE OF LEGACY
you can leave ROLDA are:

1

RESIDUARY

Once you have taken care of your other beneficiaries, you can leave a predetermined proportion (or percentage) of your estate to ROLDA.

2

PECUNIARY

This type of legacy means you set an exact amount of money to leave ROLDA. With this type of legacy, it is common to increase the amount left in line with inflation.

3

SPECIFIC

You can choose to leave any part of your estate to ROLDA with this legacy. It’s common to leave possessions, land, property or shares.

If you have already finalised affairs but have decided to leave ROLDA a legacy, you can talk to your solicitor about changing your will. Please click here to download a codicil that you can use to made amendments.

 

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THE TAX BENEFITS OF GIFTING TO A CHARITY:

 

There are tax benefits to leaving a charitable legacy in your will, which are mainly related to the amount of inheritance tax your estate will pay. The current thresholds are £325,000 for individuals or £650,000 for a married couple. If your gift reduces your estate to below these amounts, you may be eligible to pay less. Please talk to your solicitor for more information.

WHY YOU SHOULD MAKE A WILL

 

It’s important to make a will. Dying without one, or “intestate”, means your estate (which means your money, possessions and property) might not go to the people you wish it to go to. In theory, you can write your own will, but it’s best to get a solicitor to do it to make sure you’ve covered all the essentials.

If you would like more information regarding leaving a legacy, please visit this website: