People often say when it comes to money that “you can’t take it with you”. However, what you can do is give something that can make a difference. While it is important to look after friends and family more people are beginning to leave money in their Wills to support good causes. A good example of this is leaving a legacy to the Hampshire and Isle of Wight Wildlife Trust.
A big benefit for leaving such a legacy is that you would be continuing to help the work of the Hampshire and Isle of Wight Wildlife Trust, including their community projects. However, as Lisa Moore explains there are also other benefits you may not have considered- “Charitable gifts do not count towards the value of your taxable estate. If you leave at least 10% of your estate this reduces the payable rate from 40% to 36%”.
The process of leaving behind a legacy is simple. All you have to do is write an additional clause in your Will. To make the process even easier our team at Larcomes is also offering a discount to draft the Will to Trust members who pledge a legacy in their Wills!
Why the wildlife trust?
There are a wide range of activities that the trust takes part in. These include:
- Living Seas- A project that protects undersea habitats, plants and animals
- Living Landscapes- This project covers the protection of heath lands, wetlands, woodlands and grasslands
- Studying species in the wild for a better understanding of how to protect them
- Educating landowners on how they can protect species in the long term
- Advising local authorities and governments on how to ensure their policies do not have a negative impact on local wildlife.
We are here for you
Writing a Will can often be a difficult process for people. However, this does not have to be the case and we at Larcomes can guide you through the process. We can deal with the probate process for a fixed fee and we can help advise the executor of your Will to ensure that the process of passing on legacies is handled in the right way.
For more information about setting up a trust or other issues concerning Wills click here to contact Lisa Moore and the rest of our specialist team.