Please consider openingdoors in your Legacy
If you’ve supported openingdoors at some point during your lifetime, are you aware that you can continue this support once you are no longer here. Or if you haven’t supported us during your lifetime, would you consider us in your legacy?
Leave a donation to openingdoors in a legacy
You can leave money or property to openingdoors following your death by making provisions in your will. This is known as a legacy or bequest. There are several forms in which it can be left:
- It may be a specified sum of money or a pecuniary legacy
- It may be a specified item of value such as jewellery, a property or shares
- Alternatively, it may be a residuary legacy; this means all or part of the net value of your estate. The amount that is left once the executors have paid all the necessary outgoings and other legacies or bequests
What are the benefits
Charities in the UK receive £1.1 billion in legacies each year and it is frequently a charity's major source of donated income. As a donor, leaving money to openingdoors is a way of recognising and benefiting a good cause after your death, especially if you have no dependants or close family members. It is particularly attractive if your assets are large enough to attract inheritance tax upon death. This is because charitable donations in a legacy are completely free from inheritance tax. With the increase in personal wealth many more estates will attract this tax unless steps are taken to avoid it. As a donor you may well prefer to leave something to openingdoors rather than the taxman.
How to leave a donation to opening doors
In order to leave a legacy to opeingdoors, you the potential donor need to make a will/legacy or legally amend an existing will/legacy. You should seek legal advice on this, usually from a solicitor who will draw up your legacy and make the necessary arrangements. The solicitor will be able to explain any legal jargon and advice on related matters. It can be very difficult to predict what your estate might be worth some years into the future as this will depend on a number of factors including the needs of you and your family. In the meantime all these factors need to be carefully considered before deciding on the type and size of the legacy. Click here to contact us. 