Leaving a Legacy
The HMS WHIMBREL (1943-47) Battle of the Atlantic Memorial Project is a charity aiming to raise £2 million to help save a unique piece of naval history and help provide a tribute to those involved in the Battle of the Atlantic.
To make this a reality we really need your help and leaving a Legacy is one of the many ways you can support our work.
No one likes to think about their own death, but just a short time spent talking to your solicitor and sorting out your affairs now could prevent uncertainty for those loved ones left behind. It will also mean that you, not the Government, will decide what happens to your estate ( property, posssesion, cash).
If you should die without making a Will, the law will determine how your estate is divided. This can cause great distress and uncertainty for everyone concerned. If, however, you make a Will, you'll know your loved ones will see your exact wishes being carried out, bringing some comfort during a difficult time.
You can choose to share your estate between anyone you like - your spouse, family or friends. You could also leave a legacy to a charity or good cause, such as HMS WHIMBREL Project, after your family and friends have all been properly provided for.
Type of Gifts
There are a few different kinds of gift you can leave in your Will. The most common are described below;
Pecuniary bequest
A gift of a fixed sum of money in your Will is called a pecuniary bequest. (The value of pecuniary legacies will decrease over time, as the cost of living increases.)
Specific bequest
A particular named item left as a gift in your Will is known as a specific bequest - for example, a piece of jewellery.
Residuary bequest
A gift of the remainder of the estate after all other bequests have been made and debts cleared is called a residuary bequest.
Contingent bequest
A gift in your Will that depends upon the occurrence of an event which may or may not happen is known legally as a contingent bequest. For example a bequest to a charity which applies only if other beneficiaries named in the Will die before the person who made the Will (the testator).
Be sure to keep your Will current
Keeping your Will current is just as important as making one in the first place. It really is the only way to ensure that your final estate is distributed to your beneficiaries in exactly the way that you want it to be.
There is a great website about leaving a legacy http://www.patrickwise.co.uk/index.html has lots of useful information and tips!
If you would like more information about leaving a Legacy to HMS WHIMBREL (1943-47) Battle of the Atlantic Memorial Project then please contact us.
Please remember us in the future and let others know about this exciting new project. With your support, history will be brought to life for future generations.
