LEGACIES
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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:

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