A valid will is the only guaranteed way for your wishes to be carried out and for your legacy to reach Kingston University. Making a will isn't complicated, neither is it expensive.
Writing a will
- Appoint a professional adviser - usually a solicitor. in your area.
- Work out how much you have to leave, including the total sum of your property, money and possessions, less any outstanding mortgages or loans.
- Decide who you want to benefit from your will: for example, your family, friends and favourite charities or good causes.
- Choose executors to make sure your wishes are carried out. These can be professional advisers, friends or family members - or one of each.
- Discuss your thoughts with a qualified advisor who can draft your will in accordance with your wishes and give you professional legal advice.
- Finally, keep your will safe and make sure your executors know where to find it. Give one copy to your solicitor or bank.
Updating an existing will
- It's vital to review your will at intervals to ensure it still reflects your wishes and circumstances. For instance, if you move house or get married, divorced, have children or someone mentioned in your will dies, or if you enter or leave a business partnership, it should be revised.
- Speak to your solicitor about the simplest way to revise your will quickly and cost effectively.
We recommend using a solicitor when making or updating your will. Below is suggested wording to assist you when including a gift to Kingston University.
- Leaving the residue or a proportion of your estate to Kingston University
This type of legacy gift will ensure that either the remainder of your estate, or a percentage of it, is passed to Kingston University after all other gifts and costs have been deducted. This is a fantastic way to support the University; you can leave 99 per cent of your estate to family and still make a significant difference to our students. We would suggest the following wording:
"I leave to Kingston University Higher Education Corporation of River House, 53-57 High Street, Kingston upon Thames, Surrey KT1 1LQ, an exempt charity under the terms of the Education Reform Act 1988, [all or X%] of the residue of my estate absolutely and direct that the receipt of an authorised officer of the said charity shall be good and sufficient discharge to my executors."
- Pecuniary or fixed amount legacy
When you want to leave a gift of a specific amount to Kingston University, we would suggest the following wording:
"I leave to Kingston University Higher Education Corporation of River House, 53-57 High Street, Kingston upon Thames, Surrey KT1 1LQ, an exempt charity under the terms of the Education Reform Act 1988, absolutely the sum [£X] for [its general purposes] or [the following work]."
If you are leaving a specific amount to Kingston University, it is a good idea to secure the value of your gift against the effects of inflation and we would suggest the following wording:
"I leave to Kingston University Higher Education Corporation of River House, 53-57 High Street, Kingston upon Thames, Surrey KT1 1LQ, an exempt charity under the terms of the Education Reform Act 1988, absolutely for [its general purposes] or [the following work] the sum of money produced by dividing the sum of [£X] by index figure in the Index of Retail Prices ('the index') for the month in which this will be executed and multiplying it by the index figure in the index month in which my death occurs. I declare that the receipt of an authorised officer shall be good and sufficient discharge to my executors."
- Leaving a specific item
Your solicitors will be able to advise if you wish to leave a particular item to Kingston University, preparing appropriate wording for your will. Remember to give your solicitor a clear description of the possession and to let the University know about your gift to ensure we can use your bequest in the way that you wish.
- If you want to change your existing will
You can easily add a gift to Kingston University to your existing will using a short document called a codicil. Your solicitor will advise you how to do this so that no legal or technical mistakes occur. No matter whether your gift is large or small, Kingston University is extremely grateful for your support.
It is important that your legacy reflects your aspirations and interests, supporting the area of work at Kingston you are most passionate about. This could be support for tomorrow's students and researchers at Kingston University, your department, or a particular area of special interest to you.
A conversation places you under no obligation and should you wish to change your will at any time, you can of course do so.
Our legacy manager, Sarah Duncan, is on hand to discuss leaving a gift in your will. You can contact Sarah by telephone on 020 8417 3112 or email at firstname.lastname@example.org. All correspondence will be dealt with in the strictest confidence.