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Legacies & Tribute Funds

Legacies & Tribute Funds

Creating your legacy

Why should I make a Will?

It gives you peace of mind.

If you die without a Will, the law decides ‘who gets what’ and your family, or your favourite charity, may miss out.

Your Will can provide protection for your family, making sure of supporting their needs.

Inheritance Tax may be charged on your estate. By careful planning you can reduce this burden.

You can use your Will to benefit your favourite charities. All charitable gifts are free of Inheritance Tax.

Are there tax benefits?

Gifts to charity are generally exempt from all Inheritance Tax, Capital Gains Tax and Income Tax, so the full value of your gift will go straight to help our work.

Why leave a legacy to Orthopaedic Research UK?

Orthopaedic Research UK is a charitable organisation which funds high quality research into orthopaedic science

We are an independent body dedicated to advancing orthopaedic knowledge, not just by funding and publicising research – but also by organising training and events which promote collaboration between orthopaedic surgeons, scientists and engineers.

Today we are one of the most significant funders of orthopaedic research in the UK, working alongside many of the UK’s leading academic institutions.

Can my gift be earmarked for a particular research project?

We will always do our best to meet your wishes. If you want your legacy to be put towards a specific research project, we will certainly look at how this might be achieved.

How do I make a Will?

It can be quick and easy to make a Will, but it is important to involve a legal professional to draw it up for you. If all the legal formalities are not correctly followed your Will could be declared invalid.

What are the different types of Legacy and Tribute Funds?

There are a number of ways to leave a legacy. It could be a gift of money, a share of your estate or specific items of property. If you already have a Will, your wishes can be put into effect by a simple amendment: a codicil. Leaving even a small percentage of your estate is one of the best ways to help Orthopaedic Research UK.

There are different kinds of gift you can leave in your Will. The most common are:

  • Residuary legacy: A gift of all or part of your net estate (what remains after all taxes, specific gifts and the cost of administering the estate have been paid). This type of legacy should be expressed as a percentage or share of your estate.
  • Pecuniary legacy: A fixed sum of money. It is worth bearing in mind that inflation can erode the value of pecuniary legacies, so it is worth reviewing your Will on a regular basis, whether or not your circumstances change.
  • Specific legacy: A gift of a specific item or asset such as shares or Jewellery .
Is there any specific wording I should use?

Residuary legacy: ‘I give to Orthopaedic Research UK of Furlong House, 10a Chandos Street, London W1G 9DQ Registered Charity Number 1111657 __% of the residue of my estate to be used by Orthopaedic Research UK at its discretion and the receipt of the Chief Executive Officer of Orthopaedic Research UK shall be a complete discharge to my Executors.’

Pecuniary legacy: ‘I give to Orthopaedic Research UK of Furlong House, 10a Chandos Street, London W1G 9DQ Registered Charity Number 1111657 the sum of £___  to be used by Orthopaedic Research UK at its discretion and the receipt of the Chief Executive Officer of Orthopaedic Research UK shall be a complete discharge to my Executors.’

How do I get in touch?

For more information or advice, or for suggested wordings for other types of gift, please contact us at fundraising@oruk.org

If you do decide to support us in this way, please remember that you will never be under any lasting obligation. You can always change your Will at any time.