Your Will is an important way of looking after the future of your family and friends. After taking care of loved ones, for many people, the next priority is leaving a gift to a Jewish charity or charities. But what is the best way to go about doing this? This is where Jewish Legacy comes in. Even if you don’t actually have a favourite Jewish charity but want to leave a gift, you can use our guide to browse through all the great charities we work with, in the UK and internationally.
What exactly is a Legacy?
The dictionary defines a legacy as: money or property bequeathed to another in their Will.
A Will ensures your wishes are carried out
Many people don’t realise that Jewish charities are heavily reliant on Legacies. While a high number of Jewish community members support at least one charity throughout their lifespan, most don’t realise the importance of naming them in their Will in order to continue their support and really make a difference. That’s why it’s important to take action now, as nobody knows what tomorrow brings. We’re here to help.
Preparation is everything
If you don’t prepare your Will properly, you will have no control over what happens to your money and other assets after you pass away. Artificial rules – known as the Intestacy Laws – will determine how your assets are distributed, with the consequence that what you leave behind passes to beneficiaries you would not have selected. You should seek legal assistance when drafting a will to make sure everything is in order and as you wish. You can find some of our recommended solicitors here, but there are plenty of properly trained people out there (you could also ask family and friends for a recommendation).
The size of your Legacy doesn’t matter
As we’ve mentioned, Legacies are a very important source of income for many charities, and it doesn’t matter what size your gift is, rest assured it will be put to good use and greatly appreciated. There are many Jewish charities for the poor and needy and for these people especially, even the smallest gift can make so much difference. Some people believe that only wealthy people leave money to charity when they die, however this isn’t the case. Without the generosity of people leaving a Legacy in their Will, many of the charities we know and support today wouldn’t exist. read less
Finding a cause and making a Will
Writing a Will is inexpensive and easy when drafted by a properly qualified professional and as we’ve said, the gift you make can be as small or large as you like. You may have a favourite cause, or are close to a certain charity because they helped you or somebody you love. There are Jewish charities that work primarily in London, in Israel, those that help children and those that help the elderly and infirm – whatever your passion or area of interest, there is a Jewish charity that could benefit greatly from your gift. Just make a note of their official charity name, address and registered charity number and give it to your professional adviser when next updating your Will. All the information you will need on the charities that are part of Jewish Legacy can be found in our ‘Find a charity’ section. read less
Changing a Will to include a Jewish charity
If you want to leave a gift to charity but have already made a Will, that is not a problem, there is a simple way you can change it: by writing a codicil. A codicil is a document used to make minor changes to a Will that has already been written. If you already have a Will and a solicitor, make an enquiry today about amending your Will and they will take you through the process while you decide which Jewish charity or charities you want to include in your legacy gift.