There are many ways to support your philanthropic goals. A legacy gift can help you to fulfil your charitable mission beyond your lifetime.
Leaving a charitable gift in your will to a Legacy Donor-Advised Fund (DAF) at NPT UK will reduce the administration of your estate and help your executors with time and costs. NPT UK will give you peace of mind that your charitable wishes are fulfilled. A gift to NPT UK allows you to have the option to remain anonymous in your giving if desired.
As NPT UK is a UK registered charity, any legacy gifts in your will are outside of your estate before inheritance and will not count towards the total value of your estate. Giving at least 10% of your estate to charity may reduce your inheritance tax rate from 40% to 36% on the rest of your estate.
Speak to your solicitor about your will.
Name NPT UK and your Legacy DAF in your will by choosing the right charitable legacy wording. NPT UK has different samples of will clauses you can use depending upon your requirements.
For example:
Pecuniary (Fixed Sum)
This is when you leave a set amount of cash to a beneficiary. For example, leaving £50,000 to the DAF
Specific
This is when you leave a specific item, perhaps some stocks or shares, a valuable item or a property to a beneficiary. For example, leaving a second home to the DAF. Please be aware that any asset that has been left to NPT UK will be liquidated into cash and paid out to the charities chosen by you or your successors.If you wish to leave a non-cash asset, please contact us for more information.
Residuary
A residuary beneficiary is the person or organisation who receives the remaining balance of the estate when everything else has been paid (debts, gifts and taxes). For example, the DAF could be a residuary beneficiary.
Open a Legacy DAF account with NPT UK.
Complete a DAF Application that includes a Succession Plan naming your chosen charities or appoint Successor Advisors. You may change your Succession Plan with NPT UK as many times as you wish during your lifetime at no extra cost. Visit our Donor Forms page for more details.
Upon death, your Legacy DAF will receive the legacy and execute your wishes.
NPT UK will distribute the funds to the charities in accordance with your Succession Plan from your Legacy DAF.
