Leaving a Legacy to the Nyika Vwaza Trust
Leaving a Legacy
Leaving a legacy is one of the easiest ways to make a gift to charity. All charitable bequests are deducted from the value of the estate before inheritance tax is calculated.
There are three types of legacy bequest, Residuary, Pecuniary and Specific.
- A residuary legacy is when a person leaves a percentage of their estate after all the other legacies have been made and debts cleared. One of the advantages of a residuary legacy is that it has the benefit of being inflation-proof and means you’re less likely to need to update your will in the future.
- A pecuniary legacy is a gift of a specified sum of money.
- A specific legacy is a gift of a particular item such as books, paintings, antiques, jewellery, land or property.
Leaving a legacy is a good way to make a significant donation and help secure the charity’s long-term future. Consult your solicitor on making a will or to make an adjustment to include a charity such as The Nyika-Vwaza Trust, or alternatively visit the ‘Remember a Charity’ website for a step-by-step guide.
If you decide to include The Nyika-Vwaza Trust in your will for a legacy, we would be grateful if you could inform us of your decision.