A legacy gift, large or small, can make a lasting difference. It can help fund conservation, improvements to facilities, community events, biodiversity projects, and the long-term care of the park.
Leaving a legacy to Myatt’s Fields Park is usually straightforward and does not require you to rewrite your entire will.
You can:
- Write a new will, or
- Add a codicil to an existing will (a simple legal update)
Most people choose to include a legacy after they have first provided for family and loved ones.
1. Decide what kind of gift you would like to leave (for example, a share of your estate or a fixed sum).
2. Update your will. You can do this yourself or ask a solicitor or professional will-writer to include the appropriate wording.
3. Ensure the charity details are correct so your gift goes exactly where you intend.
4. (Optional) Let us know about your plans, if you feel comfortable — this helps us say thank you and plan for the future.
There are several common ways to leave a gift in your will:
- Residuary gift – a share (or all) of what remains of your estate after other gifts and expenses
- Pecuniary gift – a fixed sum of money
- Specific gift – a particular item or asset (such as shares or property)
Many people choose a residuary gift, as it automatically keeps pace with inflation and changing circumstances.
The following examples are provided for guidance only. A solicitor or will-writer can help ensure the wording is correct for your situation.
Residuary Gift (a share of your estate)
“I give ___% of my residuary estate to [Full Legal Name of Myatt’s Fields Park charity / Friends organisation], of [registered address], registered charity number [number], for its general charitable purposes, and I declare that the receipt of the Treasurer or other authorised officer shall be a full and sufficient discharge to my executors.”
Pecuniary Gift (a fixed sum of money)
“I give free of tax the sum of £___ to [Full Legal Name of Myatt’s Fields Park charity / Friends organisation], of [registered address], registered charity number [number], for its general charitable purposes, and I declare that the receipt of the Treasurer or other authorised officer shall be a full and sufficient discharge to my executors.”
Your legal adviser can tailor this wording if you wish your gift to support a particular aspect of the park’s work.
Leaving a gift to a registered charity in your will can have tax advantages:
- Charitable gifts are exempt from Inheritance Tax, meaning the full value of your gift goes to the park.
- If you leave 10% or more of your estate to charity, the rate of Inheritance Tax on the rest of your estate may be reduced.
- A legacy gift can therefore increase the overall impact of your estate, benefiting both loved ones and causes you care about.
Tax rules can change, so professional advice is always recommended.
This information is intended as general guidance only. If you are unsure how to proceed, or if your circumstances are complex, we strongly recommend seeking advice from a solicitor or professional will-writer to ensure your
wishes are properly recorded and legally valid.
Every legacy, whatever its size, helps safeguard Myatt’s Fields Park as a welcoming, green space for generations to come. Thank you for considering supporting the future of the park in this special way.
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.svg)