A gift in your Will: types of gift
If you're planning to leave a gift in your Will to
the Parkinson's Disease Society, 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.
Request your free Will Guide
To request your free Will Guide, or ask any
questions, contact our legacy team on 020 7963 9306 or email
legacies@parkinsons.org.uk
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