Get the wording right
If you have decided to remember The Jennifer Trust in your Will we recommend taking this wording to your solicitor.
Here are our suggestions for:
- Residuary
- Pecuniary
- Specific
It is important that the following clause is included in your Will, whichever wording you need to use:
"If at my death any charity named as a beneficiary in this Will or any Codicil hereto has changed its name or amalgamated with or transferred its assets to another body then my executors shall give effect to any gift made to such charity as if it had been made (in the first case) to the body in its changed name or (in the second place) to the body which results from such amalgamation or to which such transfer has been made."
Please remember to use our full name The Jennifer Trust for Spinal Muscular Atrophy, our registered charity number 1106815 and the correct registered address:
The Jennifer Trust for Spinal Muscular Atrophy
40 Cygnet Court
Timothy’s Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NW
Residuary bequest (a proportion of your estate)
I give (%) of the residue of my real and personal estate which I can dispose of by Will in any manner I think proper to The Jennifer Trust for Spinal Muscular Atrophy (Registered Charity No. 1106815) of 40 Cygnet Court, Timothy’s Bridge Road, Stratford upon Avon, CV37 9NW and the receipt of the Honorary Treasurer or the proper officer for the time being of The Jennifer Trust shall be a complete discharge to my executors.
Pecuniary bequest (a set sum)
I give the sum of ...... pounds to The Jennifer Trust for Spinal Muscular Atrophy (Registered Charity No. 1106815) of 40 Cygnet Court, Timothy’s Bridge Road, Stratford upon Avon, CV37 9NW and the receipt of the Honorary Treasurer or other proper officer for the time being of The Jennifer Trust shall be a complete discharge to my executors.
Specific legacy bequest (a named item)
I, give to The Jennifer Trust for Spinal Muscular Atrophy (registered charity number 1106815) of 40 Cygnet Court, Timothy’s Bridge Road, Stratford upon Avon, CV37 9NW absolutely, my (name and description of item.
Glossary of Terms
- Assets are everything that you own like your home, car, jewellery, savings accounts, investments or anything else of value.
- A beneficiary is a person or organisation to whom you leave a gift
- Binding means an agreement or promise that is recognised by law and cannot be broken or changed.
- Capital includes cash, money held in banks and building societies, premium bonds, unit trusts, investments, property, and includes charitable or voluntary payments made to an individual.
- A codicil is an additional document which will be read together with your will.
- The Crown is Her Majesty's Government.
- A dependant is a person who depends on you for financial support because they are a child or because they have particular needs.
- Your estate is everything you own at the time of your death, after all the money you owe has been paid.
- An executor is a person you officially choose to make sure that the wishes in your will are carried out.
- A guardian is a person you officially choose to physically look after your children who are under the age of 18.
- Inheritance tax is a tax that is charged at 40% on the value of your estate after your death. Not everyone pays inheritance tax on death. If the value of your estate is more than £312,000 (from 6 April 2009 this will be increased to £325,000 and will increase each year), this tax is payable on your death by your executors.
- Intestacy is when a person dies without making a will and the law decides how their assets will be taken care of.
- A legacy is a gift in a will to a person or organisation.
- Liabilities are everything that you owe like your mortgage, loans and debts.
- Means-tested state benefits are benefits awarded to you depending on the income and capital that you already have.
- Probate is the official proof that executors apply for in court to show that a will is valid.
- Residue is what is left of your estate after all your debts have been paid and gifts in your will have been made.
- A sibling is a brother or sister of a person.
- A testator or testatrix is a person who has made a will.
- A will is a legal document that gives instructions about what should happen to your money and possessions after you die. It must be signed, dated and witnessed by 2 people.
