Below are the four principal forms of legacy and tax relief is available for a gift to a charity for each:

Residuary gift
A residuary legacy enables you to give whatever remains of your estate after all bequests, debts and fees are met. You might choose to leave the whole or part of the residue to a particular beneficiary.
A gift of this nature is not eroded by inflation.

Pecuniary gift
A pecuniary legacy is perhaps the most straightforward way of giving a bequest as you leave a specified sum of money to the named beneficiary. You can either specify that the value of the gift remains constant, or you can guard against inflation by instruction to your executors that the gift should be indexed linked.

Specific (non-money) gift
This form of legacy allows you to leave particular items or assets to the named beneficiary, which are not in the form of money. These assets might include stocks and shares, property, items of jewellery, works of art or other valuable items. It is important to review this type of will or codicil regularly, because your gift will lapse and fail if the asset is no longer part of your estate on your death.

Reversionary gift
This type of legacy allows for your estate, or particular assets, to be passed onto your spouse, children or other named individuals, for their lifetime. On their death the whole or a portion of these assets revert to the beneficiary of the reversionary legacy.

When considering leaving a legacy, we recommend that you consult a solicitor who will be able to give you specialist advice according to your own individual circumstances.

By including us in your will, whatever the value of the bequest, you will instantly become a guardian of the future advancement of contemporary dance.