Legacy Giving

A Special Gift – leaving a legacy

A legacy is a special gift that lives on after your death. By donating to Southampton Sight through your Will, you can help us to provide essential services to people living with sight loss in Southampton.

A gift in your Will does not have to be large. Just a small percentage of what is left, after your loved ones are provided for, can make a real difference.

Making a Will is important to all of us. Our main concern is to look after our family – to preserve our family heirlooms and to help the younger generation in these difficult economic times. However, many of us also want to leave something behind that symbolises the way we lived our life.

Your Legacy is a testament to your generosity, your beliefs and your desire to help others after you have gone.

Solicitors

You may have a family solicitor you already use. If not, ask a relative or friend to recommend one. Or you can contact Southampton Sight, CEO Jackie Powers on 023 8076 9882

If you are making your Will with your partner, you can make a ‘mirror’ (identical) Will if they are broadly the same.

Before you meet with the solicitor for Will-making advice, it is a good idea to think about:

  • the main things you own – like a house, shares, endowments, savings or life insurance policies – and roughly what they are worth
  • who your executor(s) will be
  • what kinds of gifts you want to leave the people and charities you care about – pecuniary (money) or residuary (whatever is left over) legacies.
Executors

The executors of your Will are the people who administer it when you are gone. They tell the beneficiaries about their gifts, and settle any debts you owe. They also deal with Her Majesty’s Revenue and Customs (HMRC) in the UK and/or the Office of the Revenue Commissioners in Ireland if necessary.

You need to be able to trust them, and they need to be prepared to take on this responsibility.

You can name a family member (including someone benefiting from your Will) or a friend.

Alternatively, you can use a professional like an accountant or solicitor (who will normally require payment from your estate). Or, if you prefer, a combination of relatives, friends and professionals.

Different kinds of gifts

Residuary gifts are made from whatever is left over once gifts of money and specific items have been distributed. You can give the whole of the residue to a person or a charity like Southampton Sight, or a portion of it.

Pecuniary gifts are specified sums of money. If you would like a gift of money to keep its value over the years, it is a sensible idea to ask your solicitor to index-link it.

Specific gifts are things, such as a painting, a house or a ring.

Legacy wording

Here is what your solicitor needs to write a residuary gift into your Will to the Southampton Sight:

Subject to the payment of my debts, funeral and testamentary expenses, I give the whole/____% of my estate not otherwise disposed of by this my Will to Southampton Sight (Southampton Society for the Blind) (A charity registered in England and Wales (255718) of 3 Bassett Avenue, Southampton, Hampshire SO16 7DP for the general purposes of Southampton Sight (Southampton Society for the Blind) and I declare that the receipt of its Treasurer or other proper officer shall be a full and sufficient discharge.

The following wording is for a pecuniary gift to Southampton Sight (Southampton Society for the Blind):

‘I give free of tax to Southampton Sight (Southampton Society for the Blind)(A charity registered in England and Wales (255718) of 3 Bassett Avenue, Southampton, Hampshire SO16 7DP, the sum of £_____ for the general purposes of Southampton Sight (Southampton Society for the Blind) and I declare that the receipt of its Treasurer or other proper officer shall be a full and sufficient discharge.

For wording of any other type of gift you want to put into your Will, please contact Southampton Sight (Southampton Society for the Blind) CEO – Jackie Powers on 023 8076 9882.

Can I add a gift to an existing Will?

Yes. You can use this form Southampton Sight codicil-form to add a gift to an existing Will, or to change an instruction in it. But you should use a solicitor to do this, to make sure it fits smoothly with the rest of the gifts in your Will. Under no circumstances should you write on an existing Will itself, and you should keep any codicil you make with your existing Will but not physically attached to it.

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