Kirstin Thompson

Associate

Wills, Trusts and Probate

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Legacies

Legacies (a bequest from a donor’s will) tend to be the largest gifts received by charities from individuals. Legacy fundraising needs to be handled in a professional, sensitive manner and there are guidelines to be followed.

There are four main types of gift commonly left in a will to a charity. These are:

  • Pecuniary Gift – this is a sum of money left to a charity in a will
  • Residuary Gift – this is a gift of the remainder of an estate after all other beneficiaries have been provided for
  • Specific Request – this is a gift of a named item – for example, a painting
  • Contingent benefit – this is a gift that is dependent on other factors, such as the donor outliving all other beneficiarie

Legacies can sometimes raise contentious issues. We can advise you on best practice.

 

 

 

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