Legacies
It is estimated that under a third of all adults have made a will, yet this is the only way to ensure your property, money, and belongings get distributed in the way you want.
In making a will, you can also help us secure a happier future for thousands of children and young people by leaving a legacy - a gift to KidsOut which will make a real difference to thousands of children, and their families, throughout the UK and Ireland.
Leaving a legacy is a straightforward and significant way to ensure our work will continue for many years to come. Such gifts of money, assets or personal possessions, that are left in a supporter's Will, enable us to plan for the long-term needs of disadvantaged and special needs children.
The Importance of making a Will
Without a valid Will, it is possible that your estate and belongings could go to the Crown, depriving your loved ones and favourite charities of your generosity. You may also be hit hard for inheritance tax, currently 40% tax on estates (which includes money and valuables) over £250,000.
Remembering KidsOut in your Will is an excellent way to distribute a percentage (no matter how small) of your wealth. In so doing, you will be supporting our work for vulnerable children and because charitable legacies are exempt from inheritance tax, all of your gift will go to giving disadvantaged and special needs children some fun and happiness when they need it most – during childhood.
How to leave a legacy to KidsOut
There are several ways in which you can leave gifts to both your loved ones and your favourite causes. These are the most common:
- Residuary legacy - this is the remainder of your estate after all other bequests and expenses have been deducted. A residuary legacy has the added benefit of keeping pace with inflation.
- Pecuniary legacy - this is a gift of a specified amount of money, for example £1,000. However, unlike a residuary bequest, inflation can reduce the value of a pecuniary gift.
- Specific legacy - this is the gift of a specific item such as property, jewellery or other valuables.
If you wish to leave a Residuary, Pecuniary or Specific legacy to KidsOut, please contact your Solicitor, e-mail legacies@kidsout.org.uk or telephone 01525 243216.
