Types of gifts in Wills
If you're planning to leave a gift in your Will to
Parkinson's UK, there are different types of gift you can choose
between.
Residuary gift
A residuary gift comes from the remaining part of your estate
after all the debts, taxes, costs and other payments have been
made.
It's not a specific sum of money, but a percentage of the value
of your estate.
Many people choose to leave residuary gifts to charities –
because they are percentages they won't be eaten away by
inflation.
Pecuniary gift
A pecuniary gift is a gift of a fixed amount of money.
Inflation means that the gift's value will decrease over the
years, so if you want to protect its value you should index-link
your gift. Your solicitor will be able to help you do this.
Specific gift
A specific gift is an item that you name as a gift. For example,
it could be property, a valuable piece of furniture, or shares.
Gift held in trust
A gift held in trust is when you let someone benefit from a gift
in your will for a specified period, after which it passes to
someone else.
For example, you might want to leave your property to your
spouse or civil partner for them to live in during their lifetime.
After their death, your property can be sold and the proceeds given
to your chosen charity.
Contact us
If you would like to talk in confidence about how to include a
gift in your Will to Parkinson's UK or would like further
information call Chris Brodrick on 020 7963 9344 or email legacies@parkinsons.org.uk
We understand that your Will is a private matter and will keep
anything discussed confidential and without obligation.
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