How to leave a legacy and write a will
How can I help Multicultural Richmond?
By leaving valuable funds in your will allows Multicultural Richmond to continue its vital services to reach people who need us most and develop new services for them. We are very grateful to all our generous donors who fund projects to make people lives happier, more integrated and less isolated. If you would like to leave a legacy to Multicultural Richmond you will need to give instructions to your solicitor.
What should I do? Legacies (a quick guide)
A legacy is a gift of money, property or possessions left in your will. If you decide to give to a charity, the gift is currently tax-free so everything you leave will go towards the work of Multicultural Richmond.
Making or revising a will is important and we recommend you seek independent advice from a solicitor or bank trust company.
There are 4 different types of legacies:
1. A pecuniary legacy is a gift of a fixed sum of money. You can protect this type of gift from inflation by linking it to the Retail Price Index.
2. A specific gift is a tangible item such as a house, piece of jewellery, silver teapot or car.
3. A residuary legacy is a gift of the whole or a share of whatever remains of your estate after all other gifts have been distributed and any debts paid off.
4. You can also ask people who care for you to make donations in your memory.
Suggested wording for making a pecuniary legacy:
“I give the following legacy free of tax to Multicultural Richmond, 111a Kneller Road, Whitton Twickenham, TW2 7DT registered Charity No 1182858, the sum of____________(amount in figures and words) for its general charitable purposes and I declare that the receipt of the honorary treasurer or other proper officer of Multicultural Richmond for the time being shall be a full and sufficient discharge for the said legacy.”
For advice or suggested wordings for index-linked pecuniary gifts, please consult a solicitor.
Suggested wording for making a specific gift:
“I give to Multicultural Richmond, 111a Kneller Road, Whitton Twickenham, TW2 7DT registered Charity No 1182858 my_________________________* for its general charitable purposes. I direct that the receipt of the Treasurer or other duly authorised officer shall be a sufficient discharge to my executors.”
* Add a description of whatever you wish to leave.
Suggested wording for a residuary legacy:
“I give _____________________________________* of the residue of my estate absolutely to Multicultural Richmond, 111a Kneller Road, Whitton Twickenham, TW2 7DT registered Charity No 1182858 for its general purposes. I direct that the receipt of the treasurer or other duly authorised officer shall be a sufficient discharge to my executors.”
* State all or the percentage/fraction of the residue of your estate that you wish to leave.
Adding a Codicil:
If you have already made your Will, you can still leave a gift to Multicultural Richmond. By adding a Codicil to your Will, you can leave a legacy to Multicultural Richmond whilst ensuring that the other provisions in your will remain untouched, and you won’t have to pay for your Will to be completely re-written. Again, you need to give instructions to your Solicitor. Here is an example of the wording of a Codicil:
“This is a Codicil of me (name) of (address) to my Will dated (date). I give (the amount) to Multicultural Richmond 111a Kneller Road, Whitton Twickenham, TW2 7DT registered Charity No 1182858, for its general charitable purposes and I declare that the receipt of the honorary treasurer or other proper officer of Multicultural Richmond for the time being shall be a full and sufficient discharge for the said legacy. In all other respects I confirm my Will dated (date of original Will).”
Suggested wording for gifts in memory:
“I wish that, instead of flowers being sent to my funeral, donations be sent to Multicultural Richmond, 111a Kneller Road, Whitton Twickenham, TW2 7DT registered Charity No 1182858.”
You may want to support a particular project or activity. Over time our activities and our sources of funding change and an open legacy gives more flexibility to make the most effective use of your legacy. If there are binding conditions attached to a legacy which we cannot satisfy, Multicultural Richmond may not be able to benefit from the legacy.
If you are an executor who has been given a bequest to Multicultural Richmond you can pay the money to us by writing a cheque to Multicultural Richmond and sending it to:
Multicultural Richmond
111a Kneller Road
Whitton Twickenham
TW2 7DT
Registered Charity No. 1182858.