THE CHINA-OXFORD SCHOLARSHIP FUND
26th September 2005
Registered Charity Number:
1107204
2
have no dependents or close
family members to leave their
money to. It is also very attrac-
tive to those whose assets are
large enough to attract inheri-
tance tax upon their death.
Charitable donations are com-
pletely free of inheritance tax.
Would you rather leave your
money to the taxman or the
China Oxford Scholarship
Fund?
At present almost 7 out of 10
people in the UK population
support charities, but fewer
than 1 in 20 remember a char-
ity in their will. Yet it is easy to
include a charity in your will,
but you should always consult a
professional such as a solicitor
or financial adviser to be sure
your will reflects your exact
intentions.
Please consider us in
your will.
People can leave money or
property to charity following
their death by making provision
for it in their will. Lawyers call
it a legacy or bequest. I prefer
to call it a final donation or a
gift. It can be as a specified sum
of money (pecuniary legacy) or
a specified item of value such as
jewellery, shares or a property.
Alternatively it could be a re-
siduary legacy in which all or
part of the net value of your
estate is left to the Charity.
Have you made a will yet or
revised it lately? I ask because I
was amazed recently to came
across a case where a highly
intelligent and wealthy individual
died intestate. This meant that
everything he owned was dis-
tributed under rules laid down
by law irrespective of the
wishes of his family. It caused
the break-up of a previously
harmonious family. Making a
will is the only way to ensure
that your wishes are carried
out after your death.
Have you considered leaving
part of your estate to the China
Oxford Scholarship Fund? Per-
haps you would like to do more
but may have cash flow prob-
lems or other commitments. A
will is a marvelous way to re-
dress the balance as a bequest
has a massive multiplier effect
on charities both in