The Benefits of Leaving a Legacy
The Development Trust
Registered Charity No.1098579
Your will is an important document. It allows you to ensure that your interests and those of your family are protected. It also allows you to acknowledge individuals, charities and organisations that are important to you.
Should you wish to make a gift to Harper Adams University, leaving a legacy may be a useful means to do so. We recommend that you ask your solicitor to advise you on the best way to do this.
There are practical benefits associated with making a gift through your Will.
- Harper Adams University has charitable status and therefore pays no tax on the bequests it receives.
- Bequests also have taxation benefits for a legator's estate. Any bequest to Harper Adams is deducted from the value of the estate before tax liability is calculated.
There are several types of gift in a Will:
A Residuary Gift is made up of the residual value of the estate, once all specified gifts, debts and expenses have been met. You might choose to leave the whole or part of the residue to a particular beneficiary.
A Monetary or Pecuniary Gift is perhaps the simplest form of legacy, in that you leave a specified sum of money to a named beneficiary.
A Specific (non-monetary) Gift allows you to leave particular items or assets to the named beneficiary. These might be property, stocks and shares or other valuable items.
Should you wish to make a gift to Harper Adams in your Will an unrestricted gift is generally the most useful as it can be directed to the area of greatest need at the time it is received. You may wish your gift, however, to be for a specific purpose such as scholarships or facilities.
We would be pleased to discuss the details of any proposed gift to enable you to gain a clearer idea of the University's future plans and needs. This would ensure that we fully understand your wishes for the bequest and the form of commemoration you might prefer.
We would also be pleased to show you the University and its work, to give you a clearer idea of where your gift could be put to good use. Some of these activities are already featured on our website. Please contact the Secretary to the Trustees.