Leaving a gift in a Will is a wonderful way to be remembered and to make a significant contribution to something that matters to you. Obviously, you will wish to ensure your family and friends are provided for, but some people also wish to leave a gift to support something they have cared about during their life, knowing that such a gift can make a real difference to an organisation. Leaving a legacy to the Royal School of Needlework would be just such a gift.
Leaving a Legacy
It is very simple to include a gift to the Royal School of Needlework in your Will. When you meet with your solicitor or other Will adviser you can ask them to include the Royal School of Needlework. The wording you require is set out below
Leaving a financial legacy
There are two ways in which you can leave the RSN a financial legacy in your Will. The first is to leave a specific amount of money, called a pecuniary gift. The second is to leave a share of the residue of your estate, after all the pecuniary gifts or specific gifts have been allocated. This is called a residuary gift.
Wording for a specific bequest
A Will is a legal document so you need specific wording to ensure the gift will go where you want it to. The following gives you the formal information your solicitor will need for financial gifts.
For a pecuniary gift
” I give the sum of £__________ to the Royal School of Needlework, Apartment 12A, Hampton Court Palace, Surrey KT8 9AU Registered Charity number 312774 for its general charitable purposes and I declare that the receipt of the Treasurer or other proper officer shall be a good and sufficient discharge to my trustees.”
For a residuary gift
“ I give an x% share of the residue of my estate to the Royal School of Needlework, Apartment 12A, Hampton Court Palace, Surrey KT8 9AU, Registered Charity number 312774 for its general charitable purposes and I declare that the receipt of the Treasurer or other proper officer shall be a good and sufficient discharge to my trustees.”
Remember, any gift will be put to good use by the RSN regardless of the size.
The Royal School of Needlework is not able to provide any legal advice. Please see a solicitor or legal adviser who will draw up your Will and ensure that it meets your requirements.
Amending an Existing Will
If you have already made your Will, and you only want to make one change, it is very simple to amend it to leave a gift to charity. However, we would recommend that you consult a solicitor to ensure that your Will is legally binding. It is good policy to review your Will every five years to ensure that it still meets your needs and your wishes are fulfilled.
To discuss leaving a lecacy to the RSN please contact Dr Susan Kay-Wiliams, Chief Executive