How to make a bequest in your Will
If you would like to leave a bequest then you could use the recommended form of wording below:
'I give free of taxes as a charitable bequest (either a specific sum or a proportion of the residuary estate) to Taraloka, UK Registered Charity No 274500 to be used as to both capital and income for the general purposes of Taraloka. A receipt signed by the Finance Secretary for the time being or other duly authorised office shall be a good and sufficient discharge to my executors.'
The contact details to be written into the Will are: Taraloka Buddhist Retreat Centre for Women, Bettisfield, Whitchurch, Shropshire SY13 2LD.
You might also want to consider the following points to consider when writing a Will:
- Appoint two executors (including someone who is good at administrative work, and maybe younger than you).
- Have one of the executors a friend who really knows you and your connections.
- Include a small gift or bequest for the executors - it's a lot of work!
- Make an allowance for the cost of your funeral - consider a pre-purchase deal which most undertakers offer.
- Specify your wishes for your funeral. It is important to state that you wish to have a Buddhist funeral, and to include the contact details of your local Centre. Your family's wishes take precedence if you haven't stated your wishes.
- Keep the Will somewhere where it will be found. Have an 'In The Event of My Death' file and tell your friends where to find it. Many people ask the solicitor who has helped to draw up their Will to hold a copy.