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What type of gift in my Will would best help Landmark?
We are incredibly grateful for all legacy gifts. Small or large, all are most valuable to us. We recommend that you speak to your solicitor or other adviser, who can help you to decide which is most appropriate to you. Gifts in Wills can consist of money, a specified percentage, a share of residue (from just 1%), furniture, painting or even property.
Find out more about how to leave a gift
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What is the difference between pecuniary and residuary gifts?
A pecuniary gift is a sum of money that is specified in your Will. The ‘residue’ is the sum that is left from your estate when all debts, charges and other gifts have been deducted. A residuary legacy can be the entirety of the residue, or a percentage (from just 1%) shared out between a number of beneficiaries, such as family members, friends or charities.
A residuary legacy generally gives the greatest benefit to Landmark as its value will increase with the value of your estate. If you do decide to leave part of or the entire residue to us, you should take your solicitor’s advice on how to draft your Will to ensure that tax exemptions are applied advantageously to your estate as a whole.
See types of gift you can leave
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How does Landmark record and acknowledge legacy gifts?
All legacy gifts are recorded in our Commemorative Books, held in our office in Berkshire and in the Marisco Tavern on Lundy Island. Where a legacy is used to help with either the acquisition or restoration of a Landmark, acknowledgement is made in the literature associated with the building. Where appropriate, the bequest can also be reflected within the Landmark itself.
If, as we hope, you do decide to remember Landmark in your Will, as a small gesture of our appreciation we offer you the opportunity to become an Honorary Friend of Landmark. The Friends are a group of enthusiastic supporters who are more closely involved with Landmark and who are more able to experience our work and buildings in greater depth. They have their own newsletter, house parties, receptions and special interest days.
Find out more about the Friends of Landmark
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Can I leave you my house?
Yes, we welcome this at Landmark. In addition to the buildings that are let on a short term holiday basis, there are a growing number of properties which form part of our ‘estate’ portfolio, and are let on a more long term basis. Both options provide valuable income and custodianship for treasured homes. Some individuals leave us the freedom to decide what is best at the time of the gift, including the sale of the property, with proceeds being used on other buildings at risk.
We are unable to make a building inalienable (i.e. we cannot undertake never to sell it, but would only do so in extreme circumstances) but equally we do not ask for an endowment to accompany the gift. Some people choose to leave a sum of money too, to be spent on the building or to be used in other ways, which is always most welcome but it is not a pre-requisite for us accepting the gift.
Ideally, Landmark would like to be left as much flexibility as possible but appreciates that each case is different and that is why we like the opportunity to discuss the options and gain an understanding of your wishes and intentions.
To discuss this privately and in confidence, please contact Linda Millard, our Legacies Manager
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Can I save tax by leaving a gift in my Will to charity?
At present, anything given to a legal spouse (including those joined under a registered Civil Partnership) or a registered charity is exempt from Inheritance Tax and including these in your Will may help to reduce the liability to tax. We recommend that you consult your solicitor or adviser, who will be able to suggest the most tax efficient planning methods for you in your own particular circumstances.
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Can I leave a gift to a specific project, building or area of Landmark’s work?
You are most welcome to request that your gift is put towards a specific project, building or type of work. If your gift is to be restricted, we do ask that you contact us before finalising your Will to ensure that your wishes can be met. Alternatively, your gift can be unrestricted and put towards where the need is greatest at the time.
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What information do I need to include to remember Landmark in my Will?
We have prepared some suggested wording to assist you which you can
download and take with you when you visit your adviser.
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I’ve already written my Will. Do I need to have a new Will drawn up?
You do not necessarily have to have a new Will drawn up if you wish to include a gift to Landmark. This could be incorporated by way of a Codicil (
download form). However, we recommend that you consult a solicitor or other professional adviser when updating your Will.
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Who should I speak to at the Landmark Trust?
Please contact Mrs Linda Millard, our Development Manager for Legacies.
Telephone: 01628 825920
Email:
[email protected]Postal address: The Landmark Trust, Shottesbrooke, Maidenhead, Berkshire, SL6 3SW
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I am the executor of a Will which includes a gift to Landmark. What do I need to do?
Please contact Linda Millard on 01628 825920, or by email at
[email protected], who will explain what you need to do regarding the allocation of funds. All cheques should be made payable to The Landmark Trust or The Lundy Fund.
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Can I include a gift of membership as a Friend/Patron/Guardian to my spouse/child?
Of course, you can leave a gift of membership to a family member or friend, thus benefiting the Landmark Trust and your family. Please do note, however, that a gift of membership is not deemed by the Inland Revenue to be excluded from liability for inheritance tax, as it is classified as a taxable benefit. Please phone the Development Office on 01628 825920, to speak to a member of our team and discover what you can leave for your family or friends. You can find out more here about what being a
Friend,
Patron or Guardian involves.
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Why should I let you know if I have remembered Landmark in my Will?
Although there is no obligation for you to let us know, it will allow us to thank you and ensure that you do not receive future requests asking you to remember us in your Will. If you do tell us, this promise is only a statement of your present intentions, is no way legally binding, and can be varied or withdrawn at any time.