More detailed information about leaving a Legacy to Norwich Cathedral.
There are many different kinds of legacies. Most of the legacies we receive are either ‘Pecuniary’ or ‘Residuary’.
-
A Pecuniary legacy
This is a straightforward donation of a fixed amount of money. It is worth remembering that inflation will erode the value of this donation over time. Should you wish to leave a pecuniary legacy to Norwich Cathedral in your will set out below is suggested wording your professional adviser can use:
‘I give the sum of (amount in figures and words)……….pounds to Norwich Cathedral to be applied for the general purposes of Norwich Cathedral and I direct that the receipt of a proper officer for the time being of Norwich Cathedral shall be a complete discharge to my Executors'.
Top
-
A Residuary Legacy
Many people prefer to leave all or part of the remainder of their estate after all other legacies have been paid and any debts or expenses settled. Should you wish to leave a residuary donation to Cathedral in your Will set out below is suggested wording your professional adviser can use:
‘I give all/a share of (please state fraction/percentage) the residue of my estate absolutely to Norwich Cathedral, to be applied for the general purposes of Norwich Cathedral and I direct that the receipt of a proper officer for the time being of Norwich Cathedral shall be a complete discharge to my Executors’.
Top
-
Other types of Legacy
The other legacies we sometime receive are the following:
- Specific ie a specific asset such as shares, property or personal possessions like a painting or piece of jewellery
- Contingent ie dependent on a particular event happening or not happening eg leaving a legacy to charity in the event that no names beneficiaries survive you
- Reversionary ie the legacy passes to your partner, children or other names individuals for their lifetime and then on their death reverts to the Cathedral.
Top
-
What to do after drafting your Will or Codicil
Wills are private and we understand you may not want anyone to know what is in yours. However it helps us greatly to know that you have arranged for Norwich Cathedral to benefit under your Will or Codicil. If you are happy to tell us, we would be delighted to hear from you so that we can thank you.
Anything you tell us will be treated in strictest confidence and places you under no obligation. You can change your Will or cancel your Codicil at any time.
Top