We never advocate giving to charity instead of family and loved ones but as well as. Our system helps you to ensure that your dependents needs are met, then helps you to think about your favourite causes.
Impartial....
Since we take no payments from charities for totallyFREEwills nor favour one cause over another we are able to remain totally impartial.
Tell me more about legacies...
Before you complete your Will application you should draw up a list of the things you own – known as your “estate”. Whilst you don’t have to list all your possessions, you should, however, include specific items and, in particular, those of sentimental importance. You should also include all bank or building society accounts, shares and insurance policies that are in your own name and not owned jointly with another individual.
Debts are paid from your estate prior to the gifts in your Will being made.
When you remember someone in your Will, you are said to leave them a “bequest” or a “legacy”. There are different kinds of legacies which can be left in a Will. The most common types of legacy are:-
Residuary Legacy
A residuary legacy is a gift of all or a share of what is left of your estate, after any specific or pecuniary gifts (fixed sums of money) have been made and your debts have been settled. A residuary gift is an effective way to divide the value of your estate between a number of people and causes and it is much more inflation-proof than other types of gift.
Pecuniary Legacy
A pecuniary legacy is the gift of a fixed sum of money you leave to a named person, charity or other organisation. It is a good idea to update your will periodically, as the value of this gift will reduce over time due to the effects of inflation.
Specific Legacy
A specific legacy is the gift of an item you leave to a named person, charity or other organisation. This can be anything from a piece of jewellery, an item with sentimental value, a painting, or even some furniture.