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Leaving a Legacy

You don’t have to be wealthy to leave a legacy

One in every three people say they would be happy to leave a gift in their will to charity once family and friends have been taken care of, but only 7% actually take the step of doing so.

None of our work would be possible without the generosity of our supporters. Leaving a gift to us in your will would ensure that we continue to make Christ known to children and young people in the future. A gift made to us by way of a legacy will make so much difference to us, helping us to continue the work we do. Every legacy makes a difference, no matter how large or small. We are so very grateful to everyone who has already pledged in this way.

Types of Legacy

There are four different types of legacy:

  1. Residuary Legacy*
    This is a share or percentage of your estate after all other gifts and debts have been paid. This type of gift is easy to add to an existing will as it doesn’t interfere with any specific sums you may have left to family and friends. Also it is less likely to be eroded by inflation over the years.
  2. Pecuniary or Cash Legacy*
    This is a fixed sum of money, the value of which could decrease over time through inflation, unless it’s linked to the Retail Price Index.
  3. Specific Legacy*
    A particular asset such as shares, property or personal possessions.
  4. Reversionary Gift
    This allows you to leave your estate to dependants while they are living, but on their death it will pass to the Oakes Trust (Sheffield).

Also, please don’t forget “In Memory” gifts. You can specify that if anyone wants to make a donation in your memory, it should be to support the work of The Oakes Trust (Sheffield). This can be a good way to celebrate your life and the values you hold dear.

*A codicil form, which can be used for the first three legacy types is available to download below. Simply print it, fill it in and add it to your existing will.

Tax benefit

Remember that new treasury regulations mean that your estate will pay less inheritance tax. From April 2012, wills leaving 10% or more of the estate to charity will incur a 10% reduction in inheritance tax.

The form


To leave a gift for The Oakes, print and complete this form and add it to your will.

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More information?

It is very important to take independent professional advice when writing your will. Also your family should be kept fully in the picture. If you would like further information or would be interested to discuss any aspect of this in complete confidence please contact Martin Bell on 0114 2359995 or use our contact form and choose “Leaving a Legacy”.