LEGACY DONATION
Many of our supporters choose
to remember the Foundation in their Will. Your wishes or those of a loved one,
expressed through the medium of their will can make a real difference to us in
our efforts to ensure that the story of the Airborne troops will remain alive
for future generations. The funds raised through these Legacy Donations directly
support our education services and will help us fulfill our Foundations overall
mission and will endow the Foundation for generations to come.
Making a will.
Most of us wish to be sure that after death, money and property are distributed
in accordance with our wishes. The best way to achieve this is to seek the
advice of a lawyer and to leave clear legal instructions for the dispersal of
your estate in the form of a Will. In the absence of a Will, the Law provided
for the distribution of one’s estate in accordance with fixed rules. Such rules
are not flexible and often produce a result that may not be appropriate in the
circumstances, causing delay, expense and personal distress to surviving
relatives.
Tax benefits
If one dies leaving sufficient net assets the tax may become payable on your
estate. Bequests to a charitable foundation, such as WWII Airborne Demonstration
Team Foundation, can be made without payment of such taxes. In such cases it is
often possible not only to reduce your own tax liability. So you should seek the
advice of a lawyer when considering such an option.
Can I change my mind?
Once you have made a Will it can be altered at any time, either by making a new
one revoking the original or by recording the required alterations in a simple
codicil.
What do I have to do?
The first thing you should do is to consult a lawyer. If, as we hope, you are
considering making a bequest to the Foundation then there are options that you
should consider:-
Residuary bequest - this allows for what remains from your estate after all
specific bequests to family, friends etc have been taken into account.
Specific legacy – this allows you to bequest a specific sum of money, property
or other specific item such as medal, equipment or documents for your estate.
Above all, before doing anything consult a lawyer so that you can ensure that
your estate is handled precisely to your wishes.
