TO PROVIDE A LEGACY & BEQUEST:
Kindly proceed in accordance with the following guidelines:
Why are gifts so important to charities?
The reality is that, without the gifts left in Wills by people like you, many charities
we know and support would not exist. Legacies are the foundation for many of the charities in the UK and are vital in making sure that all the good work they do can continue. Global Sight Solutions and the Guildford Rotary Eye Project are no different. It has an established commitment to projects throughout the world and needs your help to continue its work.
What benefit are charitable bequests to you and your family?
Charitable bequests in your Will are free of tax. They are also a way of reducing the value of your estate that could be subject to Inheritance Tax. The Inheritance Tax threshold changes from time to time and you are advised to contact your accountant or legal adviser to ascertain the current situation.
Your legacy to Global Sight Solutions and the Guildford Rotary Eye Project.
Leaving a gift to Global Sight Solutions and the Guildford Rotary Eye Project in your Will is a way for you to continue support beyond your lifetime. There are different types of legacy, the ones that apply to The Global Sight Solutions and the Guildford Rotary Eye Project are below:
Pecuniary bequest
-- a gift of a fixed sum of money in your Will is called a pecuniary bequest. The value of pecuniary legacies will decrease over time, as the cost of living increases and inflation takes effect.
Residuary bequest
-- a gift of the remainder of the estate after all other bequests have been made and debts cleared is called a residuary bequest or legacy. It can be any proportion from 1% to 100%.
Specific bequest
A gift of specific items such as personal possessions, land, buildings or specified investments such as shares or the contents of a bank account.
Make a Will
It is important to make a Will. Not only is it the only way for your wishes to be followed, but it reduces the administrative burden on your family at a very difficult time. If you don't make a Will, the law decides who inherits your property - do not assume that your spouse or children will automatically receive your estate when you die. Your unmarried partner will probably receive nothing.
You can include Global Sight Solutions and The Guildford Rotary Eye Project in an existing Will by making a Codicil. This is a simple document which makes amendments to existing Wills. A solicitor will be able to provide you with a codicil document which will need to be signed in the presence of, and by, two independent witnesses.
Tax planning is becoming more important as the value of family homes increases. An increasing number of estates fall within the Inheritance Tax regulations and a lack of planning can significantly increase estate tax liabilities.
How to leave a legacy to Global Sight Solutions and the Guildford Rotary Eye Project (working names of The Rotary Club of Guildford Eye Project)
If you would like to leave a bequest in your Will to Global Sight Solutions and The Guildford Rotary Eye Project you can include the bequest either in the body of your Will or as a codicil. Global Sight Solutions and The Guildford Rotary Eye Project are working names (registered with the Charity Commission) of the registered Charity No. 1127630 “The Rotary Club of Guildford Eye Project”.
Consult a solicitor to ensure that all relevant legal aspects are considered.
Recommended forms of wording are as follows:
Residuary bequest
"I give ( % of) the residue of my real and personal estate which I can dispose of by Will in any manner I think proper to The Rotary Club of Guildford Eye Project (registered charity number 1127630) absolutely and the receipt of the Secretary or other proper officer for the time being of the charity shall be a full and sufficient discharge to my Trustees".
Pecuniary bequest
"I give the sum of ( ) pounds to The Rotary Club of Guildford Eye Project Registered charity number 1127030) absolutely and the receipt of the Secretary or other proper officer for the time being of the charity shall be a full and sufficient discharge to my Trustees”
It is also recommended to include the following clause, whichever wording you use:
If at my death any charity named as a beneficiary in this Will or any Codicil hereto has changed its name or amalgamated with or transferred its assets to another body with similar objects then my Executors shall give effect to any gift made to such charity as if it had been made (in the first case) to the body in its changed name or (in the second place) to the body which results from such amalgamation or to which such transfer has been made".
"Please remember to use the full name - The Rotary Club of Guildford Eye Project (Global Sight Solutions and the Guildford Rotary Eye Project) and the correct charity number and registered address".
QUERIES:
Should you have any queries kindly contact us at: info@globabalsightsolutions.org.
IMPORTANT:
In all matters of this nature, Global Sight Solutions and The Guildford Rotary Eye Project recommends that you seek guidance from a solicitor in order to establish that the latest legislation is considered.
THANK YOU FOR YOUR SUPPORT