Leave a legacy FAQ


The simple answer is now. Sadly, many people die without making a Will, resulting in unnecessary problems for those left behind. By making a Will now, you can have peace of mind that your final wishes are carried out, you have protected your estate and you have provided for your loved ones.


 

Using a solicitor is the best way to make sure that your wishes will be followed. Find out more about making a will on the Citizens Advice website.


 

Writing your Will does not have to be a complicated or expensive process. If you have not written a Will we would recommend talking to a solicitor or professional will writer who can help you through the process. A Will is a legal document and needs to be written correctly in order to be adhered to. Will writing can cost as little as £70.


 

Technically, yes. Gifts to UK registered charities are exempt from Inheritance Tax. We would strongly recommend that you speak to a solicitor for advice on tax issues.


 

We would like to know if you have left a gift in your Will as it gives us the opportunity to acknowledge the wonderful decision you have made. It is, however, by no means essential. If you would prefer not to inform us then that is fine, but letting us know also helps us plan for the future and keep you informed about our work.


 

You are free to change your mind at any time. Letting us know that you plan to include a gift to Book Trust or the Children's Reading Fund in your Will doesn't commit you to doing so.

 

 

If you already have a Will and simply want to make some changes, for example, to add a bequest, you need to add a codicil. This is a separate instruction that is then kept with your Will.

 

If you decide to leave a bequest to Book Trust or the Children's Reading Fund you may consider pledging your gift now. This information will be treated in the strictest confidence. Please contact our Fundraising Team


 

There are two main ways to leave a gift or a bequest in your Will. Your solicitor will be able to look over everything for you, but it may be helpful for you to have a look at the options. The first way is to leave a pecuniary bequest. This is a specific cash amount which you state in your Will. The other way is to leave a residuary bequest. This is when you leave a share of your estate after all other bequests have been met and inheritance tax and expenses are paid.

 

There are three main ways that you can leave a gift in your Will:

  1. a share of your estate (residuary legacy)
  2. a specific sum (pecuniary legacy)
  3. a specific item

 

Remembering Book Trust

Legacy gifts are a vital source of funding for Book Trust. If you choose to include either in your Will, please ask your solicitor to use one of the following suggested texts:

 

For a share of your estate: I give all/a share of (please state fraction/percentage) of the residue of my estate absolutely to Book Trust of G8 Battersea Studios, 80 Silverthorne Road, Battersea, London, SW8 3H, Registered Charity Number 313343, to be applied by Book Trust for its charitable purposes, and I further direct that the receipt of the Hon. Treasurer or any other proper officer of Book Trust for the time being shall be sufficient discharge to my executors.

 

For a specific sum: I give to Book Trust of G8 Battersea Studios, 80 Silverthorne Road, Battersea, London, SW8 3HE, Registered Charity Number 313343, absolutely, the sum (amount in figures, amount in words) to be applied by Book Trust for its charitable purposes, and I further direct that the receipt of the Hon. Treasurer or any other proper officer of Book Trust for the time being shall be sufficient discharge to my executors.

 

For a specific item: I give to Book Trust of G8 Battersea Studios, 80 Silverthorne Road, Battersea, London, SW8 3H, Registered Charity Number 313343, absolutely, (write in here whatever you wish to give) to be applied by Book Trust for its charitable purposes, and I further direct that the receipt of the Hon. Treasurer or any other proper officer of Book Trust for the time being shall be sufficient discharge to my executors.

 

Glossary

Beneficiaries People or organisations - for example, a charity - who benefit from a Will.

 

Contingent Legacy A gift that is dependent on an event that may or may not happen. For example, if the testator outlives an intended beneficiary, a gift might pass instead to a nominated charity.


Estate The property, including money, owned by the Deceased, after any debts and/or expenses connected with his/her death have been taken into account.

 

Executor Person appointed in a Will by the testator to deal with the estate after his/her death.


Guardian The person appointed in a Will by the testator to look after his/her children, if there is no one else with parental responsibility to do so.

 

Residuary Legacy A share of the estate (ie. a percentage) allocated in the Will by the testator.

 

Pecuniary Legacy A gift of money (ie. where the precise value is specifically indicated) stated in a Will.

 

Testator The person who makes the Will.