After your loved ones have been provided for , you can look at charities such as Harrogate International Festivals that you would like to make your gift to, and how you’d like to do that. There are three way of leaving a legacy gift:
Residuary gifts leaving a share of the amount left over after all your wishes have been carried out and specific items have been distributed. You can give the whole of the residue to a person or a charity like the Harrogate International Festivals or a portion of it.
Pecuniary gifts are specified sums of money. If you would like a gift of money to keep its value over the years, it is a sensible idea to ask your solicitor to index-link it.
Specific gifts are items or assets, a ‘non-money’ gift such property, a painting, jewellery, stocks and shares or other valuable items.
Many people choose to leave a percentage of their estate as it means that its value will not be affected by inflation.