A legacy is an amount of money or property left in a will.
Legacies are of enormous value to us, as they can support the full spectrum of our work, from developing and enhancing our four botanic gardens to delivering world-leading research programmes and education initiatives. A more detailed look at how legacies can help can be found in our brochure entitled A Living Legacy. If you do remember us in your will, please consider pledging because knowing in advance about potential bequests considerably helps us to plan our activities.
In a word, no. You do not need to own a property to leave a legacy, nor do you need to have an investment portfolio, or anything of the sort. Writing your will presents an opportunity to remember a cause close to your heart and ensure that your wishes are carried out after your death.
£70, for example, would help us to employ a horticulturist for a day, and £200 would allow us to propagate and look after 10 endangered plants. At RBGE, all contributions are gratefully received and will be used to explore and explain the world of plants for a better future.
Without a will, it is the law that determines what happens to your money, property and possessions.
With a will, it is you that is in charge of who gets what. Some people also choose to leave instructions as to what happens to their body after they passed away.
It all depends on how complicated your affairs are.
If your affairs are relatively simple, then you may wish to go to a reputable will writer.
On the other hand, should your affairs be more complex then we would definitely recommend you approach a solicitor.
Costs vary greatly. Simple wills start at about £125 and can go up to several hundred pounds if you use a solicitor. Longstanding members of RBGE have access to negotiated discounts at solicitor firms that work in partnership with us. If you have been a member for a number of years and would like more information, please call 0131 248 2987.
Alternatively, there are charity schemes where you can get your will written free of charge, or in exchange for a donation to a nominated charity.
The ‘residue’ of the estate is what is left after all other bequests, taxes and debts have been paid. You can give the entire residue or a share of it to RBGE. You may prefer to leave a residuary legacy as the value of the legacy will be determined following your death. This means that the value of the legacy will increase with the value of your estate.
A pecuniary legacy specifies an exact sum of money.
A specific legacy relates to a particular item such as stock or shares, property or personal possessions.
Our Living Legacy brochure is full of straightforward information. You can download it here. Alternatively, you can also speak to one of our Development staff on 0131 248 2987.
There are also many guides out there on the internet to help you. These include: