Don’t leave the future to chance.
Leave a legacy for wildlife & protect our inheritance.
We are very fortunate in the Tees Valley to have such a wonderful array of urban wildlife and habitats on our doorstep.
Leaving a legacy to Tees Valley Wildlife Trust helps us protect the threatened species and fragile places we all love.
Everyone should make a will, even if you think your estate is of little value, as it is the only way to ensure your property and possessions go to those you wish after your death. If you do not leave a will it can cause a great deal more work for relatives at an already stressful time. Once you’ve made a will, it is important to keep it up-to-date, as life changes, such as marriage or the arrival of grandchildren, may affect your wishes.
There’s a Living Legend in all of us
The Remember a Charity Week scheme, can give you all the information you need to writing your will visit here for more details.
You too could become a Living Legend and write a charitable gift in your Will this Remember A Charity Week.
Tax Benefit to writing a Will
Most people’s main asset is their home. Inheritance Tax (IHT) is index linked but whereas 15 years ago your property may have represented 60% of the IHT threshold, it may now exceed it. Every penny over the IHT limit is taxed at 40% – except legacies to Charities, which are tax exempt.
One way of guarding against the effects of inflation is to divide your will into percentages.
A ‘residual legacy’ ensures all beneficiaries receive the share of your estate you intended when the will was written.
Other common legacies include a ‘specific legacy’ where a specific item such as land or property is left to an individual or organisation, or a ‘pecuniary legacy’ where a specific sum of money is left.
Whilst many members & supporters may be planning to leave Tees Valley Wildlife Trust a legacy, very few ever tell us in advance. However, as we plan for the future of the Wildlife Trust, it can be very helpful to know that people intend to support us in their wills. We don’t need to know details of how much people plan to leave, just that they intend to make a bequest.