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Leave a legacy
Leaving a legacy to the Duchenne Research Fund will help us continue the fight to find a cure for this devastating disease. When writing or updating your will, after considering family and friends, please consider leaving a gift (legacy) to the Duchenne Research Fund.
A will is a legal document and ensures you can decide how your estate is divided. By using a solicitor it will ensure that all the legal formalities are correctly followed and that your will is valid. A valid will gives you peace of mind that your exact wishes will be carried out the way you intended. What are the different types of legacy?
- Residuary legacy This is the gift of the remainder of your estate (or a percentage of the remainder) after all other gifts to family and friends have been distributed and all outgoings have been dealt with.
- Pecuniary legacy This is a fixed sum of money that tends to decrease in value over time because of inflation. For example, a legacy of £1,000 written into a will in 1980 would now be worth less than £380.
- Specific legacy bequest This is when you choose to leave a particular named item of value, such as jewellery or an antique.
- Reversionary bequest This is where you give a friend or family member a life interest in your estate and after their death the remainder of your estate is made over to a charity or other beneficiary. This allows you to take care of those close to you for the remainder of their lifetimes.
Tax benefit Gifts to charity are currently exempt from Inheritance Tax and a solicitor will be able to advise you about this. Reviewing your will It is important to regularly review your will to ensure that that it still reflects your wishes as for example you may now have children or the Government may have changed the tax rules. For more information about leaving a legacy to The Duchenne Research Fund please email us.