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Leave a Legacy

Making a Will

Find out how you can leave a legacy gift to the Labour Party in your will.

Thank you for your interest in leaving a will to the Labour Party.

When the Labour Party was formed a hundred and more years ago, we made it our responsibility to fight for equality, fairness and social justice.

By leaving a gift to the Labour Party in your will, you can help us to continue to defend the values we hold dear.

There are a number of different ways to leave a gift, and you can find options, details and helpful instructions below.

 

What if I don’t have a will?

If you haven’t already made a will, we would recommend that you contact a solicitor to help you through this process. You may be entitled to free will writing services if you are disabled or over 70 years old, and many unions also provide a discounted or free will writing service for their members. Please contact your solicitor or union for further details.

 

What if I’ve already made a will?

If you have already made a will, leaving a legacy to Labour is even simpler. You can add a ‘Codicil Form’ to your will in order to make the necessary amendment. This can be arranged through whoever stores your current will.

 

What type of gift can I leave?

There are a number of different ways to leave a legacy in your will, allowing you to leave a gift in the way that most suits you.

Below you will see three different types of legacy and a suggested wording to include in a codicil for each, which you can send to your solicitor to add to your will. Additionally, we recommend including the paragraph at the end of this page as well, as it will make sure your final wishes are fully met.

1. Residuary legacy

What does it mean? This is a gift of the remainder or percentage of your estate after all other legacies, including to family and friends, have been made and any debts cleared.

Residuary legacies are an effective way to divide the value of an estate between a number of people and causes that are important to you.

Suggested wording: “I GIVE the whole of my estate or X per cent of the residue of my estate after payment of my funeral and testamentary expenses and debts and all legacies given by this my will or any codicil hereto and all inheritance tax payable upon or by reason of my demise to my [Executor(s)/Trustees] UPON TRUST for the Labour Party of Southside, 105 Victoria Street, London, SW1E 6QT”

2.  Pecuniary legacy

What does it mean? A gift of a fixed sum of money. This is a good way to leave a specific amount of money to an organisation or cause, perhaps if you want to leave a gift to fund a certain activity or item.

Suggested wording:  “I GIVE to the Labour Party of Southside, 105 Victoria Street, London, SW1E 6QT, the sum of XX pounds [sum in words] £XX [sum in figures] free of Inheritance Tax for its general purposes and I direct that the receipt of the Treasurer for the time being or other duly authorised officer shall be sufficient discharge to my [Executor(s)/Trustees]”

3.  Specific legacy

What does it mean? A particular named item left as a gift in your Will is known as a specific legacy, for example, a piece of jewellery.

Suggested wording: “I GIVE to the Labour Party of Southside, 105 Victoria Street, London, SW1E 6QT, for its general purposes free of Inheritance Tax and other fiscal impositions and costs of transfer my [description of the item] for its general purposes absolutely and I direct that the receipt of the Treasurer for the time being or other duly authorised officer shall be sufficient discharge to my [Executor(s)/Trustees]”

Recommended Additional Paragraph

If you do decide to remember the Labour Party in your will we also recommend taking the following paragraph to your solicitor. It is important that the following clause is included in your will, whichever type you choose:

“If at my death any charity or organisation named as a beneficiary in this Will or any Codicil hereto has changed its name, amalgamated with or transferred its assets to another body, or changed its address, then my executors shall give effect to any gift made to such charity or organisation as if it had been made (in the first case) to the body in its changed name or (in the second place) to the body which results from such amalgamation or to which such transfer has been made or (in the third case) to the organisation based at their new address.”

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