Whatever its size, any legacy in favour of The Christian Institute will be greatly appreciated and will enable us to do more to promote marriage and the family, to protect young people and to defend Christian freedoms for generations to come.
We will ensure that your legacy is put to good use.
There are different types of legacies. Your solicitor will be able to advise you on which type will be most suitable in your circumstances.
Residuary Legacy
A residuary legacy is the gift of a percentage of what is left of your estate after your debts have been settled and any legacies you leave to other people have been paid. Generally, this kind of legacy is the most beneficial to charities as its value increases in line with the value of your estate. This compensates for inflation.
Pecuniary Legacy
A gift of a specified sum of money, the amount of which is decided when the will or codicil is made, is called a pecuniary legacy. When considering making a pecuniary legacy bear in mind the fact that, due to inflation, a sum of money specified now will almost inevitably be worth less in real terms in the future. For example a legacy of £1000 written into a will in 1980 would be worth less than £380 in 1999.
Specific Legacy
When a particular item is bequeathed, this is called a specific legacy. This could include stocks and shares, the proceeds of a life assurance policy, property, furniture or jewellery.
Wording Your Legacy To The Christian Institute
Take this with you when you go to see your solicitor. He or she will need to know that these are the words that are usually used when including The Christian Institute in a will.
"I give ................................to The Christian Institute, Charity No. 1004774, of Wilberforce House, Gosforth Business Park, Newcastle upon Tyne, for its general charitable purposes and I declare that the receipt of the Honorary Treasurer or other proper officer of the Christian Institute, Newcastle upon Tyne for the time being shall be a full and sufficient discharge for my executors."
It is by no means essential, but would you consider letting us know if you decide to leave a legacy to The Christian Institute? It would certainly be an encouragement to us.
If you have any problems or questions, please Contact Us.
