Registered Charity No: XN22727/SAP3/BM
Choose the type of legacy
There are several different types of
legacy and choosing how to make your gift is an important decision.
Consider each option carefully and
select the one that’s right for you.
Residuary legacy
This is a gift of the remainder or percentage
of your estate after all other legacies have been made and debts cleared.
Residuary legacies keep up with
inflation and are an effective way to divide the value of an estate between a
number of people and causes that are important to you.
If you are considering what type of legacy
to leave
Pecuniary legacy
A gift of a fixed
sum of money. The value of pecuniary legacies will
decrease over time, as the cost of living increases.
Specific legacy
A particular named item left as a gift
in your Will is known as a specific legacy, for example, a piece of jewellery.
Contingent gifts
Legacies made on the basis of another
event happening first are called contingent gifts. For example your Will could
state that a gift only applies if all other beneficiaries named in your Will
die before you do.
Life interest or reversionary legacy
This is a gift which someone can
benefit from in their lifetime. For instance, your house could be left for the
use of a relative. When they die it could pass to someone else, or to a
charity.
Get the wording right
If you have decided to remember Christ Church,
Here are our suggestions for:
·
Specific
It is important that the following
clause is included in your Will, whichever wording you need to use:
"If at my death any charity named
as a beneficiary in this Will or any Codicil hereto has changed its name or
amalgamated with or transferred its assets to another body then my executors
shall give effect to any gift made to such charity as if it had been made (in
the first case) to the body in its changed name or (in the second place) to the
body which results from such amalgamation or to which such transfer has been
made."
Please remember to use our full name
Residuary bequest
(a proportion of your estate)
I give (%) of the residue of my real and
personal estate which I can dispose of by Will in any manner I think proper
to Christ Church, Shelton and Oxon
of Christ Church Vicarage, Shelton Gardens, Welshpool Road, Shrewsbury SY3
5AG and the receipt of the Honorary Treasurer or the proper officer for the
time being of Christ Church, Shelton and Oxon shall
be a complete discharge to my executors.
Pecuniary bequest (a set sum)
I give the sum of ...... pounds to
Specific legacy bequest (a named item)
I, give to
Reversionary legacies / Life interest
trusts
My trustees shall hold […] on trust for
[…] during his lifetime and, following his death, hold the capital and income
for Christ Church, Shelton and Oxon
of Christ Church Vicarage, Shelton Gardens, Welshpool Road, Shrewsbury SY3
5AG and the receipt of the Honorary Treasurer or other proper officer for
the time being of Christ Church, Shelton
and Oxon shall be a complete discharge to my trustees …