Types of Legacy
A residual legacy involves leaving all or part of the residue of your estate, after other bequests to your family and friends have been made and expenses have been met. This way the real value of the gift you decide to leave is protected.
A pecuniary legacy allows you to give a specific sum of money, which may be linked to the RPI (Retail Price Index).
A reversionary legacy involves leaving all or part of your assets to Trustees so that it only reverts to Holy Trinity Church when your spouse, partner or dependant dies, and that beneficiary has the full benefit of the income from it during their lifetime.
A conditional legacy leaves all or part of your estate to a particular person, but in the event that they die before you then the legacy would go to Holy Trinity Church.
A specific legacy is the gift of a specified possession to Holy Trinity Church. This may be in the form of property, valuable, works of art or stocks and shares.
A life assurance policy which has Holy Trinity Church as its beneficiary enables you to provide for this church during your lifetime for the benefit of its work after your death. In this way, you can, for the relatively modest outlay in premium, ensure a major benefit for this church.
A deed of variation enables you to transfer all or part of your inheritance to Holy Trinity Church if you are a beneficiary under a will. Gifts thus transferred are free of Inheritance Tax, affording this church the opportunity to benefit during your lifetime.