Legacy

talegacy

 

Add your legacy to ours

A gift in your will is a way of showing that you cherish human rights. Your will can be a powerful influential tool for the betterment of future generations. If you choose to remember us in your will, you will empower us to carry on our work challenging inequality and injustice against LGBT people and against everyone who is marginalised and abused. The Peter Tatchell Foundation has a proven, strong record defending human rights. With your help, we can do even more. Thank you.

 

Types of legacy:

A Fix sum of money – Pecuniary
A gift of a fixed sum of money in your Will is called a pecuniary bequest. The value of pecuniary legacies will decrease over time, as the cost of living increases

The Residue of your estate – Residuary
This is the residue of your estate is what remains after all pecuniary legacies, debts, fees and other charges have been met. You might consider leaving the whole or a part of the residue to the Peter Tatchell Foundation.

Gifts in Kind
These are specific assets that you may wish to leave, e.g. shares, stocks, paintings and etc.

Reversionary
A reversionary legacy enables you to pass your estate, or specific assets of your estate, to named individuals who will benefit throughout their lifetime. Following their deaths all, or some, of the estate is then passed to the beneficiaries as specified in the reversionary legacy. For example an individual may leave their entire estate to their spouse to use in their lifetime, and on their death the bequest passes back to the Peter Tatchell Foundation on their death.

 

Wording in your Will: What should I use?

The following are suggested wordings most commonly used for the different types of legacy. We strongly recommend that your wording is carefully reviewed by you and your solicitor in the context of your Will.

Pecuniary
I give the sum of ……pounds to PETER TATCHELL FOUNDATION, of Studio 5, Disney Place House, 14 Marshalsea Rd, London, SE1 1HL, Company Registration number: 7805736 and the receipt of the Directors or other proper officer for the time being of PETER TATCHELL FOUNDATION shall be a complete discharge to my Executors

Residuary
I GIVE DEVISE AND BEQUEATH to PETER TATCHELL FOUNDATION, of Studio 5, Disney Place House, 14 Marshalsea Rd, London, SE1 1HL, Company Registration number: 7805736, all (OR per cent of)the residue of my estate absolutely to be used for the general purposes of the PETER TATCHELL FOUNDATION with full power to expend capital as well as income AND I DECLARE that the receipt of the Foundation Director or other authorized officer for the time being of the Foundation shall be a full and sufficient discharge to my Trustees.

Reversionary
It is possible to leave your estate (or part of it) on trust for the benefit of a particular person or persons during their lifetime. They benefit from using the assets, or receiving the income from them, during their life time. But on their death, the assets then pass to other chosen beneficiaries (called ‘reversionary beneficiaries’).

You can do this by saying ‘I give [assets] to the trustees of my will on trust to pay the income arising from the income arising from them to [name or person] during his/her life, and subject to that on trust for PETER TATCHELL FOUNDATION, of Studio 5, Disney Place House, 14 Marshalsea Rd, London, SE1 1HL, Company Registration number: 7805736, absolutely.’

 

Frequently Asked Questions

Do I need a will?
There no legal requirement for having a Will. But without a Will, it is the complicated rules of intestacy that will decide who receive what from your estate and not you.

When should I write my Will?
It is entirely up to you when you wish to write your will. However, by making a will now, you can have peace of mind of providing for your love ones and protecting your estates.

Do I need a solicitor to write my Will?
There is no need for a will to be drawn up by a solicitor especially if it is straightforward. However, we do recommend using a solicitor or a professional will writer for peace of mind as errors and mistakes in a will can cause problems afterwards and sorting out misunderstandings can result in considerable legal costs which would reduce ultimately the value of your estate. If you like to be recommended to a trusted will writer, please contact us Pliny@PeterTatchellFoundation.org

I already have a will. Can I leave you a Legacy?
Leaving a Legacy for the Peter Tatchell Foundation (PTF) has never been easier. If you already have a will, your solicitor can simply add a codicil. A codicil is a document that amends, rather than replaces a will.

How will you use my gift?
Any gift to us will be used exclusively to further human rights, wherever we feel the need is the greatest, helping use fund our high impact campaigns.

What is inheritance Tax and does it affect me?
The Peter Tatchell Foundation (PTF) is a non-profit making private limited company with charitable aims but we are not a charity yet. By remembering the PTF in your will you will not be able to reduce the taxable value of your assets. We hope that this will not discourage you in remembering the PTF in your Will. If you would like to be recommended to a trusted tax adviser, please contact us Pliny@PetertatchellFoundation.org

What happens if I change my mind?
You will not be under any obligation towards the Peter Tatchell Foundation (PTF) and this will not commit you to a particular course of action, or limit your freedom to change your will. You are free to change your will at any time.

Can the Peter Tatchell Foundation (PTF) act as an executor of my Will?
Unfortunately, we cannot act as an executioner to your will as we do not have the resources to manage it and we do not have Trust Corporation status that is needed to administer your will.