Leave a Legacy
Many of our supporters who wish to give financial support to the Library are prevented from doing so by everyday commitments. Leaving a gift in your Will does not burden you during your lifetime and is quick and simple to arrange. By leaving a legacy to The Wiener Library you can help to ensure that our resources are available to future generations in perpetuity.
How to Leave a Legacy
If you are thinking about leaving a gift to the Library in your Will, the best thing to do is see your solicitor. They will be able to advise you how to write – or amend – your Will, and how to make a legacy to charities like the Library. There are a number of ways you might want to remember the Library in your Will; the main ones are:
- A Residuary Legacy: a gift of all or a part of what remains in your estate after all debts, taxes, expenses and all other bequests have been made. This option allows you to take care of your personal commitments and still make a meaningful donation. NB From April 2012, if you decide to leave 10% of your net estate to charity, your non-charitable bequests (e.g. to your children) above the tax threshold will be taxed at 36% and not 40%. As a result each £100 bequeathed to The Wiener Library will cost your inheritors £24.
- A Pecuniary Legacy: a specified sum of money determined when the Will or codicil is written. Remember that the value of a pecuniary legacy is likely to decrease over time, as the cost of living increases.
- A Specific or Non-Monetary Bequest: allows you to leave shares, property, stocks, pictures, documents, books etc. to the Library, either on the grounds that they must be retained, or that they could be sold to provide funds. If you are considering leaving a non-monetary bequest to the Library, please contact us so we can discuss what you have in mind.
You do not have to rewrite your Will in order to add a gift to the Library; it is quite sufficient to attach a letter expressing your wish. The easiest way to do this is to add a codicil (a simple instruction), setting out how you wish The Wiener Library to benefit. The codicil must be signed by two independent witnesses, as well as yourself.
The Library welcomes the chance to thank supporters for their generous bequests during their lifetimes. If you have arranged to leave a gift to the Library in your Will and wish to notify us, please download and complete the pledge form below and return it to The Wiener Library, 29 Russell Square, London, WC1B 5DP.
If you would like further information about remembering the Library in your Will, please contact the Development Coordinator on 020 7636 7247 or via email firstname.lastname@example.org. Please be assured that all legacy enquiries are strictly confidential.