The following paragraphs provide examples of the wording you may wish to use in your will. The Development and Alumni Relations Office would be pleased to provide further advice and answer any questions you might have. In all cases, we recommend that the wording is carefully reviewed by you and your solicitor in the context of your will.
This text is provided for guidance purposes only and is not intended to replace legal or other professional advice.
Pecuniary
I give to ÌìÌì³Ô¹Ï, College Road, Bangor, Gwynedd, LL57 2DG the sum of £….. (free of tax)* for its general purposes (OR for the purposes of…… ) and I direct that the receipt of the University Registrar or other authorised officer for the time being of the University shall be a full and sufficient discharge to my trustees.
* Please contact the Development and Alumni Relations Office for suggested wording should you wish to protect your Pecuniary Legacy from inflation, by linking it to the Retail Prices Index.
Specific
I give to ÌìÌì³Ô¹Ï, College Road, Bangor, Gwynedd, LL57 2DG ….. (insert a clear description of item/s to be bequeathed) or the proceeds of sale, if sold by the time of my death, with full power to realise such assets and to apply the proceeds to the general purposes of the University (OR for the purposes of….. ) and I direct that the receipt of the University Vice Chancellor or other authorised officer for the time being of the University shall be a full and sufficient discharge to my trustees.
Residuary
I give devise and bequeath to ÌìÌì³Ô¹Ï, College Road, Bangor, Gwynedd, LL57 2DG (insert ‘all’ or whatever fractional share of your estate you wish to bequeath) of the residue of my estate absolutely to be used for the general purposes of the University (OR for the purposes of …. ) with full power to expend capital as well as income and I direct that the receipt of the University Registrar or other authorised officer for the time being of the University shall be a full and sufficient discharge to my trustees.
Reversionary
The tax treatment of reversionary bequests is complicated. So, you should discuss your plans with finance and legal professionals, who can advise you on the necessary wording for your will.
Amending existing willsÌý– writing a codicil
If you already have a will, a member of the Development and Alumni Relations Office would be happy to explain how a simple change may be made using a codicil. An example can be foundÌý.