Below we offer some guidelines about making a will and how - if you wish - to specify the Carmelites as one of your beneficiaries.
Making a Will
Sadly only very few people make a will (around one in four adults in the UK). If you do not make a will, suriving relatives and friends (or those appointed administrators by the State) will not know how to deal with your belongings which make up your "estate". This can cause considerable distress and hard work. Not only that, the Law will decide who winds up your affairs which can take a very long time.
Also, without a will your estate could be dealt with in a way which might not follow your wishes.
We cannot give you any personal advice on how you should settle your estate because each person has special circumstances. However, no doubt you realise that the formation of future Carmelites would benefit greatly from those who leave us a legacy and we hope that you will consider helping us in this way. Before you make up your mind let us explain about Wills.
What is a will?
A Will is a legal document which sets out your instructions for what should happen to your money and possessions after your death. To handle your estate administrators, or "executors", are appointed (chosen by you) which confers on them the necessary powers for disposing of your estate as you have instructed.
Who draws up a will and what is involved?
A solicitor or the trustee department of a bank can draw up a will. You can draw up a will yourself - a standard form is available from stationers - but you will not then be aware of the various pitfalls and tax advantages with which solicitors and others are familiar. There are many tax concessions - for instance all legacies to The Carmelite Charitable Trust are tax free. If you want to use a solicitor, but do not know one, ask The Citizens Advice Bureau. A solicitor is bound by law to put clients' interests first and their fees are normally quite reasonable. You can also find a list of solicitors and will-writers by visiting the "Remember A Charity" website.
When should a will be made?
Now! It is never too early to make one and you can always change it with a 'codicil' or formal instruction later if your circumstances change.
Example forms of bequest
"I bequeath to The Carmelite Charitable Trust registration No. 1061342 free of all taxes the sum of £.......... to be applied by The Carmelite Charitable Trust for the education of members of the Carmelite Order and for the apostolic works in which the Order is engaged and I further direct that the receipt of the bursar or other proper official for the time being of the Charitable Trust shall be sufficient discharge for this bequest."
"I give devise and bequeath all my estate whatsoever and wheresoever not otherwise specifically disposed of to The Carmelite Charitable Trust registration No. 1061342 to be applied by The Carmelite Charitable Trust for the education of members of the Carmelite Order and for the apostolic works in which the Order is engaged and I further direct that the receipt of the bursar or other proper official for the time being of the Charitable Trust shall be sufficient discharge for this legacy."
For more information, please contact us.