A legacy is a gift left to a charity in a will and so to provide one you need to make a will or change an existing one. As a will is a formal legal document there are legal requirements in order for it to be valid, such as being signed in the presence of two witnesses. Drawing up a will is not a process in which QHT can be involved and is best done with a solicitor, changes to an existing will can be made via a codicil – again a solicitor can help with this. Any legacy given to QHT is exempt from inheritance tax
There are three main types of legacy:
The terms of the legacy can be made more precise using an ‘expression of wish’ for example that the money can only be used for a specific type of project, or in a specific area, and this can be either binding or just advisory – in which case we will do our best to comply with its terms.
If you wish to give a legacy to QHT please use these details in your will or codicil to avoid any confusion:
Quaker Housing Trust
Charity Number: 254704