Leaving a legacy

The gift of a lifetime

Have you considered including a gift to St Paul’s in your will?

As the largest single source of income to UK charities, legacies make a vital difference to struggling churches across the country. A legacy allows you to make your mark on the world by providing for a good cause which is close to your heart. Free of inheritance tax, a donation made in your will can also help reduce the tax burden on your estate.

How does it work?

A charitable legacy could be a gift of money or of any other assets that you leave behind. Whilst there are a number of options to consider, there are two main types of charitable legacies: pecuniary and residuary. Pecuniary legacies specify a sum of money or item of value to be donated, whilst a   residuary legacy allows you to donate a percentage of the net value of your estate or the remaining sum after you have provided for family and friends.

What do you need to do?

To leave a legacy to St Paul’s, you simply need to include details of the donation in your will. This can be done by writing a will, by making an amendment or ‘codicil’ to an existing will or by setting up a Trust. Your solicitor or professional adviser will be able to tell you more.

You can use the following form of wording in your Last Will and Testament:

 1) “I bequeath to St Paul’s Church,  Park View, Whitley Bay, care of the Parochial Church Council, the sum of £__________ (or item) free from all death or legal duties, to be applied for the purpose of the work and maintenance of St Paul’s. I direct that the receipt of the PCC Treasurer shall be sufficient discharge for my Executors.”

  2) “______% of my real and personal property not hereby or by any codicil hereto specifically disposed of after payment of my debts, pecuniary legacies, funeral and administrative expenses and any taxes in respect of my estate to be used by the Parochial Church Council of St Paul’s Church, Whitley Bay for the purpose of the work and maintenance of St Paul’s. I direct that the receipt of the PCC Treasurer shall be sufficient discharge for my Executors.”