I’m thinking of leaving a legacy to The Children’s Bereavement Centre. What do I do?
It simply involves adding a short paragraph (clause) to your Will or if you are thinking of making a Will for the first time and including The Children’s Bereavement Centre in your legacy. We would always suggest that you use a qualified solicitor to assist you with this.
Can I add The Children’s Bereavement Centre to my existing Will?
If you already have a Will, it is important that you keep it up to date. Fortunately, making changes to an existing Will is very straightforward. If you want to add us to an existing Will, your solicitor simply attaches a written instruction, called a codicil. This must be done by your solicitor – don’t make changes yourself as you may inadvertently invalidate your Will. If there are a number of changes you want to make, it may be better to make a new Will, which your solicitor can help you with.
The two main types of legacies that people leave are: residuary and pecuniary.
A residuary legacy is when a person leaves a percentage of their estate to a charity. This means that, however much your estate is ultimately worth, you ensure your loved ones are looked after as well as giving a gift to your chosen charity. It also means you don’t have to keep altering your Will as your circumstances change.
A pecuniary legacy is a set sum of money or alternatively a chattel or chattels such as jewellery, a painting, antique furniture or a house. However, we advise that you consult your solicitor on what is best for your particular circumstances.
What if my circumstances change?
One of the great things about a legacy is that it allows you to take account of any changes that may happen to your personal circumstances. With a properly worded legacy, you can be safe in the knowledge that, should your circumstances change, your Will automatically take account of this. So you are able to look after yourself, friends and family while also knowing that you will still be doing something for your favourite charity if there is any money remaining.