We understand that when it comes to your will, your family and loved ones must come first. But once you have cared for them, can you help our work live on.
Any amount however small will be gratefully received.
Providing for your loved ones is the most important thing to consider when writing a Will. However, once they have been considered you may wish to leave a gift to support our work.
What are the different types of legacy that you can leave?
One way of doing this is to include a residuary legacy to us this is a percentage of your estate after everyone else has been provided for.
You could also consider the following types of gift:
A gift of a fixed sum of money. The value of pecuniary legacies will decrease over time, as the cost-of-living increases.
A particular named item left as a gift in your Will is known as a specific legacy, for example, an antique piece.
Legacies made based on 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.
A reversionary legacy 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.
What do I need to do?
Simply let your solicitors know that you would like to include a gift to the SVAS and provide our full address and charity registration number:
The Shuttleworth Veteran Aeroplane Society
Charity registration No.800095
Old Warden Aerodrome
Biggleswade Bedfordshire SG18 9EP
Should you wish to discuss a legacy we would be pleased to hear from you.
Contact SVAS Legacy Officer at our address, or email [email protected]
Suggested wording
I bequeath to the Shuttleworth Veteran Aeroplane Society (Registered Charity No.800095),
Old Warden Aerodrome, Biggleswade, Bedfordshire, SG18 9EP, for charitable purposes.
(insert one of the following options)
all the residue of my estate
one X share of the residue of my estate.
X% of my estate
the sum of £………
the following personal items
any terms of restriction as to the way the money should be spent,
and the receipt of their responsible officer / Trustee shall be good and sufficient discharge to my Executors.
Inheritance Tax?
Leaving charitable gifts in your will may help you to reduce the value of your estate liable for Inheritance Tax. Charitable gifts are tax exempt, and so, by leaving a gift to the SVAS you could reduce the amount of tax paid after your death.
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