Including Chadacre Agricultural Trust in your Will
It is possible to amend your current Will to include the Trust by executing a Codicil to it. Alternatively, you may wish to have a new Will prepared or to prepare a Will for the first time. If you are considering doing this, it is recommended that you consult a solicitor. Set out in the Your Legacy section is some wording that will assist your solicitor in putting into effect your wishes.
If you wish to leave a sum of money (a pecuniary bequest or legacy) to the Trust we suggest using the following form of words:
I give [AMOUNT IN WORDS] £[ ] to the CHADACRE AGRICULTURAL TRUST (Registered Charity Number: 310496) (‘the Trust’) for its general charitable purposes and I direct that the receipt of the administrator or duly authorised officer of the Trust shall be sufficient discharge to my executors and trustees.’
The Governors request that you make any gift to the Trust for its general charitable purposes. This is because it can quite often be difficult to employ money for a specific purpose, for instance, because the cost of deploying money in a certain way would outweigh the sum itself. That said, the Governors would welcome you to leave a letter of wishes with your will expressing your wish as to how the money could be used. The Governors will then try to ensure that your gift is used in the way that you wish.
You may also consider leaving the Trust part of the residue of your estate. This is known as a residuary bequest or legacy. Once again, the Governors would ask that you make any such legacy for the Trust’s general charitable purposes. If you show the above example wording to your solicitor he will be able to adapt this to provide for a residuary legacy.
Consult a solicitor
Please note that the Governors or the administrator of the Trust cannot take any responsibility for the use by your solicitor of the suggested wording. You should consult a solicitor when preparing, amending or adding a codicil to your Will.