How to give in wills and legacies

Legacies

A legacy is a specific amount of money or property, which you state in your will is to be given to charity after your death by the executor of your estate.

This can be '£x,000 'or 'the proceeds of the sale of my house' or 'the residue of my estate after all other legacies have been paid'.

The Disability Foundation (TDF) is a registered charity and so can accept legacies to use for general use, or for a special purpose defined by you.

Anything given to charity in your will reduces the value of the estate for Inheritance Tax calculations, and thus could save 40% inheritance tax being paid to the taxman, if your estate is more than £263,000. Many houses alone are worth more than this, of course, so planning to give to charity through your will can be very tax-efficient!

Wills

A will ensures that your money goes to those you would like to benefit after your death. If you die without leaving a will, it may well go to people you are not inclined to help, or even to the state, in extreme circumstances! So it is a good idea to leave a will!

The Trustees of TDF will accept legacies, which can be used as the Trustees see fit, or if you have discussed your intentions and ideas with us, we will seek to distribute your legacy in line with your wishes.

If you would like to discuss any of this with us, please call us at The Disabililty Foundation on:

020 8954 7373