Legacies

Have you thought of leaving a legacy to the Synagogue?

If you are updating your Will – or making one for the first time – you have the chance to express your support for the Synagogue and the future development and longer-term security of our community by means of a bequest. This need not be a complicated or expensive process. The reality is that making, or updating, a Will is simple and easy to arrange.

In addition, our charitable status means that leaving a gift to the Synagogue is Inheritance Tax free and consequently, could reduce the tax payable on your estate.

There are four principal types of legacy:-

1. A specific gift of money – Pecuniary

This is a simple legacy of a specified sum of money. If you are considering making this type of gift you might want to make it inflation-proof by linking it to the Retail Price Index or setting aside a percentage of your estate for the Synagogue.

2. The residuary of your estate – Residuary

The residue of your estate is the value remaining once all the pecuniary legacies, debts, fees and other charges have been met. You might decide to leave the whole or part (percentage) of the residue to the Synagogue.

3. Gifts in Kind

A legacy need not be in the form of money. You may wish instead to leave specific assets such as property, stocks and shares, works of art or other valuables.

4. Reversionary

This is a legacy which requires the fulfilment of a certain condition, or event or specific criteria: for example, an individual may leave their entire estate to their spouse to use in their lifetime, and on their death the bequest reverts to charity.

Do remember that it is important that you do not attempt to change your existing Will by deleting or adding words, nor should attachments be made to your existing Will, without consulting a solicitor, because this may invalidate it.

We would like to thank you if you have decided to include the Synagogue in your Will and if you would like to talk to someone about leaving a legacy please contact the Community Growth Fund via the Synagogue office on 020 8946 4836 or e-mail us by clicking here.