Day to Day
December 31, 2020
December 31, 2020


Gifts by Bequest to the Llandovery College Foundation

Making a Will is an important responsibility. We would be
delighted if you wanted to show your support for Llandovery
College by making a codicil in your Will benefiting the Foundation
(Charity Number 1148827).

Tax Efficient Giving and your Estate in the UK

By making a gift to the Llandovery College Foundation, you may
find that you significantly reduce the Inheritance Tax liability
imposed on all estates valued above £325,000 (2014) of up to 40%.
Please consult legal advice for more precise information about
how your legacy to the Llandovery College Foundation would
ease the impact of taxation on your estate.

The Wording and Beneficiaries of your Gift

Individuals often wish to leave a bequest in support of a particular
activity or function at the College. Please bear in mind that subject
areas, teachers and activities change over time, and the more
specific your codicil, the more difficult it may be to apply it
according to your wishes. Please consider giving to more general
areas of support (ie to ‘Sports’ rather than to ‘Rugby’, to
‘Languages’ rather than to ‘Greek’). Alternatively, you might
provide a secondary option should the trustees be unable
appropriately to allocate your gift to your first option. We would
prefer if the secondary option left the allocation of your gift to the
discretion of the Llandovery College Foundation Trustees.

Informing Llandovery College

In due course, the Llandovery College Foundation will be notified
by the executors of a Will if we have been named as beneficiaries.
However, it helps us to plan for the future more effectively if we
are informed in advance that we have been nominated in this way.
Please consider advising us of your generosity if you decide to
make us the beneficiaries of part or all of your estate.

Legal Advice

The advice herein is only a general introduction. Please do ensure
that you receive legal advice to ensure that your wishes are stated
clearly in the terms of your Will.