Legacy

Supporting Sandford with a gift or donation in your will has a lasting impact on future generations. An education at Sandford offers incredible opportunities for young children through the friends they make, the teaching and facilities, and the worldwide community that they become part of.

Many people are not in a position to make a contribution in their lifetime but a legacy can be a final tribute to Sandford, a gift that can endure into the future.

In general, legacy gifts made to Sandford St. Martin's School, during your lifetime or on your death, are exempt from Inheritance Tax. Bequests made to charities can be deducted from the net value of your estate, which reduces your Inheritance Tax liability. A solicitor is the best person to advise on this and will be able to help you decide what would be right for you. The Inheritance Tax threshold is usually reviewed in the UK Government Budget each year and information on the current level is always available from their website.

Keeping Sandford Informed

If you are happy to do so, please let us know if you intend to leave Sandford a legacy. This does not involve any obligations, but it will enable us to share relevant news and events with you and, most importantly, thank you for your support. Your response and any subsequent correspondence or discussion will be treated in the strictest confidence.

Types of bequests:

Pecuniary - A gift of a fixed sum of money set out in a will. The value of a pecuniary will decrease over time, as the cost of living increases.
Residuary - A gift of the residue or a share of the residue of an estate. Residue is what is left after all the debts, funeral expenses, certain other costs and tax, and any other legacies have been deducted.This type of legacy is the most valuable, as its value is unaffected by inflation.
Specific - A gift of a particular named item that could be used by the school or sold for the proceeds. For example, a piece of jewellery, furniture, a painting, buildings, land, house contents, chattels or shares.
Contingent - A gift that is dependent upon the occurrence of an event which may or may not happen. For example, a gift to a charity which applies only if other beneficiaries named in a will die before the individual dies.
Reversionary - Either a specific, pecuniary or residuary gift, that is left to another beneficiary in the first instance, but will revert to the school absolutely, usually after the initial beneficiary has passed away. This is a common type of gift that couples or parents often consider, where a gift is set up as a will trust. The interest goes to the surviving spouse or children for their lifetime, and the school benefits from the gift on the spouse's or children's death.

If you would like further information about supporting Sandford through your will, please get in touch with the School Business Manager via the office email:

office@sandfordprimary.sch.dorset.uk