Legacy gifts can help us to improve the day to day lives of people with a brain injury.
A legacy, can be a fixed amount of money, a percentage of your estate, or an item of property, such as a house. It may also reduce Inheritance Tax. To leave a legacy, you need to have a valid will.
Making a will is vital to secure the future of your family. If you die without a will, it can cause real problems for your loved ones. It will also cost more money to sort things out. A valid will puts you in control of your affairs and gives peace of mind. If your will is not up to date, perhaps it is time to act.
To be safe, it is better to have your Will written by a solicitor, who will ensure it is correctly witnessed and valid. You can now have a will written or updated through Headway’s network of solicitors, at a reduced price.
How to leave a legacy
If you do pledge to leave a legacy to Headway, we would like to acknowledge your special support by keeping you up to date on their work and by sending you copies of our Headway Thames Valley newsletter. Therefore, it would be appreciated if you would also complete and send us the pledge form – you can download a copy using the link at the bottom of this page. You are, of course, under no obligation to do so. The information will be treated as strictly confidential.
There are three types of legacy with recommended wording listed below. These are suitable for English Wills. For other countries, please consult your solicitor.
1. A Residuary bequest
You may wish to leave specific sums and properties to a named person, and the rest of your estate, or some fraction therefore, to Headway. The recommended wording for such a bequest is:
I give the residue of my estate to the charity known as HEADWAY THAMES VALLEY (charity number 900591) absolutely for its general purposes and I direct that the receipt of the treasurer or other proper officer shall be a full and sufficient discharge to my executors
2. A Bequest of a fixed sum
You may wish to leave a specific sum of money to Headway Thames Valley. The recommended wording for such a bequest is:
I give the sum of £ to the charity known as HEADWAY THAMES VALLEY (charity number 900591) absolutely for its general purposes and I direct that the receipt of the treasurer or other proper officer shall be a full and sufficient discharge to my executors.
3. Adding a Codicil to an existing will
If you have already written your Will, you can include Headway Thames Valley by adding a codicil which avoids the expense of changing your Will. All you need to do is complete the codicil form and send it back to us – you can download a copy using the link below. This should be signed by you and witnessed by two people, and can then be appended to your existing Will.
Drawing up a will is not enjoyable, but it is an extremely important part of financial planning. To help people with this important task, Headway has launched a new will planner, which you can download below.
The planner enables you to work out the value of your estate and to give specific details of any bequests. Taking this to your solicitor when making or amending your will should make the discussions clearer.
Please contact us if you would like more information.