How to leave a legacy gift
How to leave a legacy gift
A step-by-step guide to leaving a legacy gift
Leaving a legacy gift to Eikon is a meaningful way to ensure that future generations of children and young people continue to receive the support they need. Here’s a simple step-by-step guide to help you through the process.
Different ways to leave a legacy
1. Decide on your gift
Determine the type of gift
Choose the type of legacy gift that best suits your circumstances (residuary, pecuniary or specific).
Consider the impact
Reflect on how you want your gift to be used and the impact it will have on our programs and services.
2. Consult a Solicitor
Seek Professional Advice
Consult with a solicitor or financial advisor to ensure your Will is legally valid and accurately reflects your wishes.
Discuss Your Intentions
Inform them that you wish to include a legacy gift to Eikon and discuss the specific wording.
3. Include the Gift in your Will
Residuary Bequest:
“I give [percentage] of the residue of my estate to The Eikon Charity, registered charity number 1109190, for its general purposes.”
Pecuniary Bequest:
“I give the sum of £[amount] to The Eikon Charity, registered charity number 1109190, for its general purposes.”
Specific Bequest:
“I give my [description of specific item] to The Eikon Charity, registered charity number 1109190, for its general purposes.”
4. Inform Your Loved Ones
Communicate Your Wishes
Share your plans with family and loved ones to ensure they understand and support your decision.
Reduce Confusion
Clear communication can prevent misunderstandings and ensure your wishes are carried out smoothly.
5. Notify The Eikon Charity
Contact Us
If you choose to, let us know about your legacy gift so we can thank you and keep you informed about how your gift will make a difference.
Confidentiality
Your information will be kept confidential, and you can choose to remain anonymous if you prefer.
Legal Information and Tax Benefits
Including a gift to Eikon in your Will not only benefits the children and young people we support but may also provide tax advantages to your estate. Here are some key points to consider:
Inheritance Tax
Legacy gifts to registered charities are generally exempt from inheritance tax. When you leave a gift to a registered charity in your Will, the value of that gift is deducted from your estate before inheritance tax is calculated. This can reduce the overall inheritance tax liability on your estate.
Tax Efficiency
Depending on your circumstances, your legacy gift could potentially reduce the overall tax liability of your estate, allowing you to leave more to your loved ones and the causes you care about.
Consult with your solicitor or financial advisor to understand the specific tax benefits related to your legacy gift.
Contact us
Need more guidance on leaving a legacy gift? Contact our legacy team for confidential advice and support on including Eikon in your Will.
