Leaving a Legacy
Legacy giving is significant for Christians. We recognise that all that we have had throughout our lives is a gift from God. He has called us to be good stewards of His resources and bless those around us. In leaving a legacy to our church we can make a real difference to the next generations.
In the same way that many Christians give a percentage of their income to support their church throughout their lives, so too with a legacy.
At Buckingham Parish Church we welcome all legacies and promise to use your gift to make a difference in our parish. The policy of our PCC is to use money received from legacies to help fund significant development projects in the parish, whether buildings, equipment or people.
It really helps if legacies are left for general purposes so that as circumstances change, the PCC can discuss what is the best use of the money with executors of the will. This can be a joyous experience as they discuss the donors known areas of interest. This could be anything from children’s or youth work, the elderly, music, through to buildings and facilities.
There can also be tax benefits in leaving a legacy to the church as a recognised charity. If you were to leave 10% or above, of your estate to Buckingham Parish Church, your inheritance tax rate would be reduced from 40% to 36% on all of the remainder of your taxable estate.
If you have already made a will and would like to make an amendment to now leave a legacy to the church, it is possible to add a Codicil (amendment document ) to your existing will, at no cost. You can download a Codicil here: https://www.churchlegacy.org.uk/downloads/a-codicil.pdf. If your will is more complicated, you should consult a solicitor to ensure everything is in line with your wishes.
Further information is available from ChurchLegacyOrg.UK with many useful downloads concerning making and updating wills. We also have our own Legacy Brochure available here.
If you want to talk this through in more detail, please contact our Rector, Will Pearson-Gee in confidence via the Parish Office.
Your generosity can make a real difference.