- Legacies are a very important source of income for New Futures Nepal.
- To ensure that you provide for the people and the causes that you care about most, it is vital that you have an up to date Will.
- Making a Will means that you have control over who benefits from your estate beyond your own lifetime.
- Without a Will the law decides how your estate is distributed. This is done according to standard rules which mean that your intentions will not be taken into account.
- You're never too young to make a Will so, if you haven't made one, don't put it off any longer. Making a Will is easy and updating it is even easier. When you do please consider including a legacy gift to "New Futures Nepal".
- Leaving a legacy to New Futures Nepal is one of the most lasting gifts anyone can make. The funds received from legacies enables New Futures Nepal to continue its important work in making a difference to the lives of disadvantaged children and adults of Nepal.
How to leave a legacy to New Futures Nepal
It is up to you which type of legacy gift you decide to leave New Futures Nepal.
- We welcome any gift, no matter how big or small. Many people opt for leaving a residual gift.
- A residual gift means that after you have provided for your family and friends you leave New Futures Nepal a percentage of your estate. Alternatively, you could decide to leave New Futures Nepal a cash gift or any gift of value.
- What you decide is up to you; however, it is worth considering making any cash gifts index linked as a gift left today will not be worth nearly as much in the future.
- Residual Gift: You can bequeath the residue from your estate after all other bequests, costs, etc have been deducted.
- Pecuniary Gift: You can leave a specific sum or item.
- Estate Percentage: You can specify a percentage of the value of your estate. For example, a bequest of 5 per cent of an estate valued at £20,000 would provide a gift of £1,000.
- Company Pensions: If you belong to a company pension scheme, you can complete an "expression of wish" form to benefit New Futures Nepal. In the event of your death, the stated proportion of the life insurance benefit will be paid to your chosen charities. The "expression of wish" form notifies the pension fund trustees of your wishes and it is simple to do with no legal complications. However, not all company pension schemes are set up to do this so you will need to check with your employer.
Making a Will
It is not expensive to make a Will: they start from around £50. It is best to go to a legal adviser and obtain reliable professional advice. You may well have a family solicitor or, if not, a friend may be able to recommend one - or you can look under 'Solicitors' in the Yellow Pages
Adding New Futures Nepal to your Will
If you have already made a Will the simplest way to make relatively minor alterations is by making a Codicil. This is an instruction that is kept with your existing Will which your solicitor will help you draw up.
If you decide to leave New Futures Nepal a legacy you will need to include the full name, address and charity number details in your Will, as follows:
