A legacy is a gift left in a will that comes into effect only after your lifetime. Making changes to a will is very straightforward and you can amend you will at any time during your life to reflect your changing priorities.
If the total value of your estate is over £325,000 (correct at 29 June 2010) your beneficiaries will have to pay 40% inheritance tax on the amount over £325,000.
All charities are exempt from paying Inheritance Tax.
All money and assets left in your estate over the threshold will be subject to inheritance tax. You can decide to share the remainder of your estate between as many charities as you choose instead of the Inland Revenue.
We understand that choosing to support Ben-Gurion University in this way demonstrates exceptional foresight and generosity and we would ask you to let us know so that we can thank you personally and discuss any specific instructions for your gift.