Leaving a Legacy
A legacy to Milton Abbey is a gift that will endure. Legacy gifts can be directed towards a specific area of interest or need within the School, or can be left to be used at the discretion of the Governors. We would be happy to discuss your wishes and will do our best to accommodate these within the School’s development plans.
If you decide to leave a legacy to Milton Abbey we would be grateful if you would inform us by completing a Legacy Gift Form. Your pledge is not legally binding but is a statement of your intention. By informing us of your intention you will enable us to plan with greater confidence for future generations.
Those who have made a legacy pledge are invited to join the 1954 Club, which has been founded to enable Milton Abbey to acknowledge and thank legators during their lifetime.
Writing your Will
You can write your Will in several different ways, leaving a fixed amount, a bequest in kind or the residue of your estate. If you have already made a Will you can make a simple addition to your existing Will called a codicil. It is always advisable, however, to seek professional advice from your legal advisor and we would urge you to do so, to ensure that your wishes are complied with.
A gift of a fixed sum of money, a property or other specific item. Suggested wording: ‘I bequeath to Milton Abbey School, recognised as a charity by the Inland Revenue No.306318, the sum of £………. ‘
A Bequest in Kind
A gift of something specific which you own, such as shares in a company, a book collection or a painting. Suggested wording: ‘I bequeath to Milton Abbey School, recognised as a charity by the Inland Revenue No.306318, the gift of ….………. .’
A gift of what remains of your estate after specific bequests to family and friends have been accounted for. This may be the whole of the residue or a percentage of the estate (you may wish to allocate a percentage of your estate to more than one charity). Suggested wording: ‘I bequeath to Milton Abbey School, recognised as a charity by the Inland Revenue No.306318, the residue [or …..% of the revenue] of my estate.’
When you have decided what type of legacy you intend to leave, please contact your solicitor. Milton Abbey advises that you should seek guidance from your own legal advisor regarding the nature and terms of your bequest in the context of estate and tax planning and obligations you may have to your family and others.