Get the free LEAVING A LEGACY TO THE HERB SOCIETY A simple guide Many ... - herbsociety org
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LEAVINGALEGACYTOTHEHERBSOCIETY
Asimpleguide
Manycharitieshavesecuredtheirfutureabilitytofundtheirworkbysettinguplegacyschemes.
TheHerbSociety×THS×isnowlookingtojointhemand, overtime, injectstabilityintothe
fundingofourcharitableworkandtopromotethefutureofherbsinalltheiraspects.
WhattypeoflegacymayIleave?
Thetwomaintypesoflegacyarepecuniaryandresiduarybuttherearealsospecificbequests
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How to fill out leaving a legacy to:
01
Start by identifying the assets you wish to leave as a legacy. This could include money, property, investments, or sentimental items.
02
Determine who you want to leave your legacy to. This could be family members, friends, charitable organizations, or a combination of recipients.
03
Consult with an estate planning attorney to ensure your wishes are legally documented. They can help you create a will, establish a trust, or set up other legal arrangements to protect and distribute your assets.
04
Clearly outline your intentions in your legal documents. Specify which assets are to be given to each recipient and any conditions or restrictions you wish to impose.
05
Consider appointing an executor or trustee to administer your legacy. This person will be responsible for carrying out your wishes and distributing the assets according to your instructions.
06
Regularly review and update your legacy plans. Life circumstances and financial situations can change, so it's important to keep your plans current and relevant.
Who needs leaving a legacy to:
01
Individuals who want to ensure their assets are distributed according to their wishes after their passing.
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Parents who want to provide for their children's future or create a trust fund for their education.
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Philanthropists who wish to contribute to causes or charities they feel passionate about.
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People who want to leave a lasting impact or memory for future generations.
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Business owners or entrepreneurs who want to pass on their company or business interests to successors.
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Those who want to minimize potential conflicts or legal disputes among family members by clearly stating their intentions in a legal document.
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