Another way you can support Crouch End Festival Chorus is to leave a legacy in your will. Remembering a charity in your will needs careful consideration but need not be complicated. You may find the following basic information helpful.
Please note that none of the information below should be interpreted as legal advice. We strongly recommend you use a solicitor or professional will-writer to make sure your will is legal and valid. The Law Society can provide a list of local solicitors. In England and Wales or call 020 7320 5650.
Through any gift, however large or small, you will be helping to ensure that Crouch End Festival Chorus can continue to create and perform choral music to the highest standards for generations to come. You will also be instrumental in encouraging children and young people in north London and across the capital to become involved in making music.
Make sure you have an up-to-date will. This the only way to make sure that your family and friends, and any charities you care about, are provided for in the way you wish. Leaving a gift to charity can be tax efficient, as gifts to UK registered charities may reduce your Inheritance Tax bill.
This can be a complex area depending your personal circumstances, and if you are in any doubt about the tax implications of a gift on your estate, you should seek independent advice from your solicitor, financial adviser or other suitably qualified professional.
State in your will that you would like to leave a gift to Crouch End Festival Chorus, and make sure you include the following information:
If you want to amend an existing will to include Crouch End Festival Chorus, it is important that you use a solicitor to help you add a codicil. If this is not done correctly it may make your existing will invalid.
The most helpful wording in your will is to leave the gift 'to be applied for the general purposes of Crouch End Festival Chorus'. If you wish to leave a gift for more specific purposes, please consider expressing this in your will as a 'wish' rather than as a condition since, with the passage of time,CEFC Trustees may not be in a position to comply with a specific condition and the legacy might fail.
If you have already written us into your will, we are very grateful. To let us know about this, you can contact the CEFC general manager at email@example.com in strictest confidence.
A share of your estate or 'residuary gift'. After you've provided for your family and friends, you may choose to leave a share, or the remainder, of your estate to Crouch End Festival Chorus.
A cash or 'pecuniary gift'. This is when you choose to leave an exact sum of money to Crouch End Festival Chorus. It's worth bearing in mind, though, that the gift you leave at the time of writing your will is likely to lose value over time due to inflation.
A specific gift of a 'thing' such as jewellery or property. This type of gift could lead to costs such as insurance for valuable items or for the sale of a property, which might affect the value of the gift that CEFC would eventually receive.
A gift in trust. You can leave a gift for someone to use over a period of time. When the time has ended, the gift can be passed on to other recipients, such as a charity.