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Thank
you for helping Angel Foundation.
What is a legacy?
A legacy
is a bequest of
money or property by means of a will.
In what forms
do legacies come?
The
most common forms of legacies are:
A specific
gift e.g. property, paintings, jewellery, land, a house.
A pecuniary
legacy - a specific sum of money e.g. $,1000, £1000
A residuary legacy - predetermined percentage percentage of the remainder
of
your estate, after all other debts, expenses and bequests
have
been satisfied.
NOTE#
A percentage of your estate may better reflect your wishes because
a
fixed sum legacy will be subject to inflation and as the years pass
will
almost certainly decline in value.
The wording of
your will
Angel
Foundation strongly recommends that the documents detailing your bequest
be
drawn up by a qualified solicitor or suitable legal practitioner.
Tax benefits of
a legacy
The
law varies widely from country to country with regard to the tax position
on gifts
and
legacies and it is prudent if considering large bequests to consult your
financial
and
legal advisors first to obtain the best outcome for all parties.
Note#
In many countries the value of the bequest reduces the tax payed on the
estate of the deceased.
It
is important that your solicitor or legal representative refers to the
following specific wording
when
leaving a gift to Angel Foundation, to be sure there are no misunderstandings
about
your intention in your will.
To
will a specific item of property
I give
to
ANGEL
FOUNDATION
Address
a
not for profit humanitarian organisation [write here a clear and
concise description
of
whatever you wish to give]
to
be applied by Angel Foundation for its humanitarian purposes
as
detailed in its constitution,
and
I direct that the duly and correctly recorded receipt of Angel Foundation
shall
be sufficient discharge to my executors.
To
will a specific sum of money.
I give
to
ANGEL
FOUNDATION
Address
a not
for profit humanitarian organisation the sum of [clearly write the amount
in figures and in words
in
the financial currency of your bequest] to be applied by Angel Foundation
for its humanitarian purposes
as
detailed in its constitution,
and
I direct that the duly and correctly recorded receipt of Angel Foundation
shall
be sufficient discharge to my executors.
To
leave a share of your estate
I
give all / a share [please state the percentage or fraction] of the residue
of my
estate
absolutely to
Angel
Foundation
Address
a not for profit humanitarian organisation to be applied by Angel Foundation
for its humanitarian purposes,
and
I direct that the duly and correctly recorded receipt of Angel Foundation
shall
be sufficient discharge to my executors.
Other
donation options are:
ONE
OFF DONATION
REGULAR
DONATION
OTHER
PRACTICAL WAYS TO HELP
WHERE
YOUR MONEY GOES