Types of Legacy

If you would like to remember The Inland Waterways Association in your will, there are several types of legacy that you can consider:

Residuary Legacy – this comes out of the remainder of your estate after all other legacies, debts, tax and expenses have been paid. It may comprise the whole or a share of the residual amount. All legacies are greatly welcomed by IWA but this type of legacy has special benefits as its value keeps pace with the increase in value of your estate, offsetting the effect of inflation.

Specific Legacy – a gift of a particular item such as property or shares.

Pecuniary Legacy – a specified cash sum. To ensure the value of your gift reflects your changing circumstances and the effect of inflation, you should review pecuniary legacy amounts regularly.

If you are leaving a legacy to The Inland Waterways Association, it would be very helpful if we could have a note of it. If you would like to do this, please make use of the pledge form.