Why leave a Legacy?
For some, leaving a legacy is the preferred way of supporting us.
Three reasons to leave a gift in your Will to Hands Together Ludlow -
- Make a lasting difference by supporting local people in need for future generations.
- Leave a legacy without affecting your loved ones, with gifts tailored to suit your circumstances.
- Benefit from potential inheritance tax advantages while supporting a local charity you care about.
What your Legacy allows us to do
The last 12 months at Hands Together Ludlow saw:
But the numbers only tell part of the story.
Behind them are people finding friendship over lunch, volunteers discovering purpose, families accessing food, people being connected to specialist support and residents simply knowing that there is somewhere in Ludlow they can walk into and ask: “Can you help me?” Sometimes we can. Sometimes somebody else can. Our job is to make sure people don't have to work that out alone.
How to leave a Legacy
If you do decide to remember Hands Together Ludlow in your Will, you will need the following information:
· Registered name: Hands Together Ludlow
· Registered Address: 15 Lower Galdeford, Ludlow, SY8 1RU
· Registered Charity number: 1171979
Gift options - A gift can be of any size, small or large and all donations will be used to fund the on-going work of the charity. Legacy gifts generally fall into one of the following categories:
· Residuary gift: a gift of any portion of your estate that remains after payment of debts, administration expenses and distribution of any specific gifts.
· Pecuniary gift: a gift of a specific amount of money you desire to donate. Such gifts can be expressed to be ‘index linked’ so the sum gift holds its value in line with inflation.
· Specific gift: a gift of a specific item you wish to leave, e.g. jewellery, artwork or furniture.
A share of your estate (a residuary gift) keeps pace with inflation and enables you to ensure that your family and friends are cared for. After you have thought about those closest to you, would you consider leaving just 1% of your estate to Hands Together Ludlow?
A legacy left to Hands Together Ludlow will attract charity exemption for inheritance tax. Additionally, you may wish to speak to your solicitor/lawyer about reducing the rate of inheritance tax from 40% to 36% on your estate if you leave 10% or more of the net value of your estate to Hands Together Ludlow.
When setting up a legacy we strongly recommend contacting a lawyer/solicitor for drawing up or amending your Will. If you decide to leave a gift to Hands Together Ludlow, your solicitor may use some specific wording to ensure your wishes are carried out. The suggested wording below covers the main types of charitable gifts:
‘I give to Hands Together Ludlow, 15 Lower Galdeford, Ludlow, SY8 1RU, Registered Charity Number 1171979, ……………….. % of my estate / the sum of £……………….. / specific item(s) ……………………………….. to be used for its general charitable purposes and I declare that the receipt of the Treasurer or duly authorised Officer shall be a full and sufficient discharge for my Executors.