A legacy is a gift that you leave in your will to a person, institution or cause.

 

When you create a will, you are making a legally binding document which ensures that your property and possessions go where you want them to go, and not to the taxman.

 

Gifts to charities within wills are exempt from Inheritance Tax.

 

In the past LIM has received substantial donations through people making wills and legacies, which have made a tremendous difference to the lives of literally thousands of children. That truly is a “legacy” to leave.Here are a few examples of just how a legacy has changed many lives:

 

1. Through a generous legacy LIM was able to build a Bible College in Erode, India (situated next to the Bethany Children’s Home). The Bethany Fellowship (LIM’s partners in Erode) organize and administer the bible teaching programme in the college which prepares pastors, evangelists and leaders. They now send out 60-70 graduates into the mission field each year.

 

2. We were given a gift via a legacy and were able to purchase a 5 acre site, this became our youth camp which holds up to 600 children over 2 weeks.

 

3. Approximately 20 churches have been built in India as a result of generous legacies left to LIM UK.A legacy is commonly a gift of property,

but there are actually four types of legacy:

 

1. A Cash or Pecuniary Legacy (here you would give a specific amount of money, probably linked to inflation).

 

2. A Specific Legacy (here you leave a specific item: e.g. a piece of jewellery, a painting, a property, etc).

 

3. A Proportionate Legacy (here you assign a specified proportion of your estate).

 

4. A Residuary Legacy (after all taxes, debts and other gifts have been deducted, you give what is left over).

 

 

For further information on leaving a legacy to LIM, talk to us on 0161 786 1440 or via email at limuk@lighthousecc.co.uk

 

"Make your life count beyond your years."

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