Legacy Types
“Researchers at Shaare Zedek Medical Centre have identified a genetic defect linked to a disease proven to cause death during the first year of life”.
This is just one example of the many advances in medical care the hospital has been able to make through legacies.
Including Shaare Zedek UK in your Will is easy and it needn’t be time consuming or expensive to arrange. Your gift will always go directly towards the work of the hospital but comes under the UK’s legal jurisdiction so will therefore impact on your inheritance tax status. The March 2011 budget stated that if you leave 10% or more of your estate to charity, the Government will reduce your inheritance tax rate by 10%.
Thanks to the unwavering support the hospital receives, it continues to be one of the leading medical facilities across the entire region. Please do consider Shaare Zedek UK when you’re making provisions in your Will.
Whichever option you choose, your legacy to Shaare Zedek UK will go a long way to helping the hospital improve what it does and how it does it. It will support the researchers and academics in discovering new treatments and cures for terminal and chronic diseases and it will pioneer new surgical techniques and further their knowledge of medical science.
What Type of Legacy Can I Leave?
If you do decide to give money to Shaare Zedek UK, there are different types of legacy you may wish to consider.
1. Pecuniary
A pecuniary legacy is the easiest to leave because you simply state the amount and write it into your Will. It doesn’t have to be a large amount, every penny helps.
2. Percentage Share
Unlike a specific gift where you state exactly how much you want Shaare Zedek UK to receive, a percentage share doesn’t become eroded by inflation over time. As an example, if your provision is for 5% now, it will still be worth 5% in 10 or 20 years time.
3. Residuary
A residuary legacy refers to the balance (or ‘residue’) of the value of your estate once your remaining financial commitments have been taken care of – or indeed a percentage thereof. This type of legacy is generally considered to be the most beneficial because its value increases over time as your estate does.
4. Specific Item
Some people choose to leave an item of value to Shaare Zedek UK such as property, an item of antique furniture or a valuable piece of jewellery.
