Legacies
Every adult should have a Will, regardless of their age, income or wealth. It is the only way of ensuring your wishes are met after your death. Yet 1 in 5 people in the UK die without one, which can cause extra distress for loved ones at what is already a difficult time.
A legacy to a charity can ease the burden of Inheritance Tax, and can ensure that your gift keep on making a difference. A legacy doesn’t have to be large, and it won’t prevent you from providing for your family.
If you are considering making a Will, it is important that you use the services of a solicitor. If you already have a Will, and you are considering making changes to it, your solicitor can advise you on how this is normally done, with a written instruction called a codicil.
There are two main types of legacy:
• A residual bequest is the residue or part residue of your estate, after all other legacies, taxes, debts and expenses have been paid.
• A pecuniary bequest is a legacy of a specific sum of money.
Property
The work of the ARC-Addington Fund is such that a legacy of property is particularly appropriate. Houses, or even farms, can be utilised within our work and kept to benefit families for future generations.
Shares
The Fund has a portfolio of shares, which both provides income for the TDF and is a long-term asset. All gifts of shares are welcome, including those in sufficiently small quantities to be
uneconomic to sell.
By leaving a legacy you can ensure that the ARC-Addington Fund will continue to respond and serve the farming community.