How to make a legacy
Inheritance Tax legislation means that, if you don’t prepare properly, a substantial part of what you leave may go to the State. So making a Will is the only way you can be sure your wishes will be followed after you die. If you don’t make one, your estate may not go to the people you intended to benefit.
Making a Will is quick and inexpensive and it is an important document and so we strongly advise you to consult a solicitor for clear advice and to ensure it is properly drafted and includes all your wishes.
If you have already drawn up a Will, and you have subsequently decided to leave a legacy to Moorland School, the simplest way to add this instruction is to complete a Codicil.
A Codicil contains supplementary instructions to an earlier drafted Will. It is drawn up and witnessed in exactly the same way as a Will preventing you from having to have a fresh Will redrafted.
Choosing a legacy type:
There are three main legacy types to consider:
• A pecuniary legacy is the most straightforward type of legacy where a specified amount is given. However, as this is a specific sum, the amount will erode over time with inflation unless it is index linked.
• A residuary legacy is where either the whole, or a proportion, of the residue of your estate is given after all other requests have been made and after your executors have paid any debts, taxes and other costs.
• A specific or non-money legacy, is a tangible item such as property, jewellery, works of art or stocks and shares which can be kept or sold by the School. Such possessions would be excluded from the valuation of your estate and would not be liable for Inheritance Tax.
If you decide to leave a gift to Moorland School in your Will, we would be grateful if you would let us know your intentions by completing the Legacy Pledge Form below. This is not a requirement but would assist the School in its long term financial planning and provides the opportunity for us to thank you personally for your proposed support.
Legacy Pledge Form
We value your support and interest in the School. If you have decided to include a legacy to Moorland School for the International Football Elite in your Will, or would like more information on leaving a legacy, please complete this form. If you do not wish to disclose all of the information requested, please leave it blank.
Please be assured that the information you provide on this pledge form will be treated with the utmost discretion. We will not disclose any of the information to a third party and confirm that any pledge made is a statement of intent only and is not legally binding. If you would rather discuss your intentions or have any queries regarding supporting the school, please contact Charlie Jackson on 01200 423833.