Your su pport is vital to the continuing campaign of Andover and District Mencap to enable choice and independence for those adults and children with learning disabilities in the Andover area. So by remembering Andover and District Mencap in your Will, you are ensuring that its good work continues for future generations.
A legacy can be as small or as large as you like as every gift is worthwhile and will make a difference.
There are three ways you can leave a legacy:
1) A fixed sum of money (pecuniary legacy)
2) A specific legacy such as land, property, shares or other valuables.
3) A residuary legacy ( the whole of part of your net estate)
A gift to a charity such as Andover and District Mencap is tax-free and if you have an estate where Inheritance Tax is payable if you leave 10% of the value of your estate to charity then the rate of Inheritance Tax is reduced from 40% to 36%. So a gift to charity can reduce the amount of Inheritance Tax payable.
When leaving your gift to charity it is important that the charity is correctly described and by reference to its registered charity number, otherwise, a gift intended for Andover and District Mencap if incorrectly described could go to another charity with a similar name.
Everyone's situation is different and if you are interested in leaving a legacy to Andover and District Mencap or any other charity in your Will, it is important that it is properly prepared by a solicitor specialising in Will drafting to make sure that your Will correctly reflects your wishes.
For more information, you can contact Lesley Walker or Lauren Russell at Talbot Walker LLP on 01264363354 to make an appointment.