There have been some wonderful examples recently of people using their Last Will and Testament to make lasting change in the World. The first one I saw was “Town is left £2m legacy by terminally ill banker to help keep it ‘beautiful’. According to the article “When banker Keith Owen was diagnosed with cancer and given only eight weeks to live, he started to think of ways to leave his mark. In the end he said it with flowers – one million of them to be precise – leaving them to the seaside town he had fallen in love with. Shortly before his death, Mr Owen, 69, a Canadian citizen, took the astonishingly generous decision to change his will and leave his £2.3million fortune to Sidmouth in Devon.” He now wants residents of the town to embark on a project to plant 1 million bulbs.
Then there was the story of an elderly lady who left an alarm clock to a hospital, but in it, she had stuffed $10k in cash and a $7k gold bar.
In Wales, Bob and Flora Livsey left £550,000 to go towards services at Glan Clwyd Hospital, Bodelwyddan. It will help fund a catheter laboratory which is due to open next year.
And then, a couple of weeks ago the story of the Toronto Woman, who left her life savings to police dogs and horses. This story in particular describes something of the thought processes behind charitable bequests;
“She’d earlier intended to leave her money to an animal sanctuary, but changed her mind after reading an unfavourable story about it in the newspaper. She then decided to give it to the Toronto Zoo. But again changed her mind after reading a story about the elephants leaving the zoo.”
The article also explains the lack of constraints imposed by the legacy “she wasn’t specific about how the money was to be used — just that it was to benefit the care of the 27 police horses and 32 police dogs. Police have been looking at several options, such as new saddle blankets for the horses. “It’s things like that which really fit into the spirit of what she wanted, I feel this is a real responsibility she’s entrusted me to look after … these are her life savings, so it certainly makes us feel even more concerned that it goes to what she wanted.’”
These few examples demonstrate how much positive difference can be made when preparing one’s Will. For many people, money is tight, and finding spare funds for charitable donations throughout the year can be challenging. But including a legacy within a Will is a painless way to show your appreciation for an organization that has touched your life.
You can make a Will in about 20 minutes at www.legalwills.ca, www.legalwills.co.uk and USLegalWills.com, and within that document, it is easy to set up a charitable bequest either as a fixed amount, or as a percentage or your estate.
Filed under: Charities, Contents of the Will, Legacy plan, verbal promises, Writing a Will | Tagged: beneficiaries, Charitable bequests, DIY legal Will, Last Will and Testament, Write your own Legal Will | Leave a comment »