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Leaving a gift to charity in your will keeps your money working toward the causes that are important to you, as well as making the burden of inheritance tax lighter.
It is very simple to include a legacy to Luton Culture in your will. You can make a gift of a specified sum of money. If you have already made your will but decided to include Luton Culture you may wish to add a codicil that makes changes to existing wills.
If you leave a gift to Luton Culture its value will be deducted from your estate (your money, possessions and property) before Inheritance Tax is worked out. Gifts made before your death may also qualify for exemption.
Ways you can leave gifts to Luton Culture in your will
- If your estate is liable to Inheritance Tax, you could reduce the amount due by choosing to give money to Luton Culture
- You can either leave a fixed sum or part or all of your estate once other gifts have been distributed
- You can do this through your will, or by a declaration to the executors or personal representatives giving instructions as to how you would like your legacy to be distributed. If you are leaving money to Luton Culture, make it clear that you want Luton Culture to receive your gift
- Gifts made to a charity in the seven years before your death are exempt from Inheritance Tax.
If you are considering leaving a legacy to Luton Culture and would like to discuss it further with a member of our team, please contact Debbie Main, Fundraising Manager who will be more than happy to answer any questions that you might have: firstname.lastname@example.org or 01582 878112.