Help us to help others by leaving the Royal Institute of Navigation a gift in your Will.
The Royal Institute of Navigation is a registered charity, number 1117254. Legacies to charities are taken out of your estate before any tax is paid, thereby reducing the overall Inheritance Tax burden.
How you can help: by making one of the following types of gift in your Will:
· A residuary gift,
which is a proportion or the remainder of your estate after all other
debts and expenses have been settled. One advantage of a residuary gift
is that it should retain its value over time.
· A pecuniary gift, which is a fixed sum of money. It is worth noting that through inflation pecuniary gifts lose value over time.
· A specific gift, which is a particular gift of an item such as property, jewellery and land.
Solicitors. Great care needs to be taken in seeking advice on
drafting or amending Wills because there are many traps for the unwary.
The safest option is probably to use a solicitor but if you don’t have
one ask a relative or friend to recommend one.
For more information about leaving a gift to the RIN please contact the Director at:
· 020 7591 3130
Things to consider before you make your Will:
are the main things that you own
– such as a house, shares, endowments,
savings or life insurance policies – and roughly what they are worth.
· Who your executor(s) will be.
· What kind of gifts you want to leave the people and charities you care about.
A gift in your Will to the RIN will help us to keep people
informed about what is happening in the world of navigation – one of
mankind’s fundamental skills and activities.
How we will use your gift depends on the nature of it, and what our needs are at the time. However, examples of possible uses include:
· A prize or award named after you
· A bursary at a university to study aspects of positioning, navigation or timing
· Funding a project to get young people involved in navigation
· Developing our virtual museum
· Establishing a modern archive for our growing collection of navigational instruments
· Creating a self-sustaining fundraising scheme