Senior Times Magazine - May/June

Page 42

Legacies

When should you make a will? To make a will you must be 18 years or older, be of sound mind and acting of your own free will. Your will must be in writing and must be signed by two witnesses for it to be valid. There are a number of key events in the course of a lifetime that act as a trigger to make a will. These include: · When you get married · If you are going abroad · If you get divorced or separated · When you buy/inherit a house or become the owner of property or cash · When you start a family · Upon retirement, getting older or if suffering from an illness Remember, you can change your will at any time and as often as you like. In fact, it is highly recommended that you regularly review your will, especially if your circumstances have changed. Legacy Wording Here is some useful information for a person leaving a legacy gift to charity. It is very important to include the following information. Your charity can provide this or please consult the Charities Regulator’s website for the list of registered charities.

· Full name of charity · Registered address of charity · CHY number · Charity registration number Precedent clause for a Will I GIVE the sum of €xx (sum in words) to [name of charity] [charity registration number] of [registered address of the charity]* for the general purposes** of the said charity and I direct that a receipt by the treasurer or other proper officer of the said charity shall be sufficient discharge for my executors in the payment of this legacy. If, at the date of my death, the said charity has ceased to exist or has amalgamated or become incorporated with another charity or has changed its name, then this legacy shall not fail, but my executors shall pay the legacy to such

charity as they consider most nearly fulfils the objects of that which I intended to benefit.*** Notes: * A testator (person making Will) may wish to leave a gift to a particular branch of a charity and in which case the branch address should be inserted. ** If testator wants to leave a gift to a charity specifically for research and development, ensure that the charity has a research and development function. *** If a charity changes its name or becomes amalgamated into another charity, this provision allows the executors to leave the gift to a kindred charity.

You can Press Play for a seriously ill child. Childhood stops for seriously ill children. At Barretstown we Press Play Be part of Paul Newman’s legacy for future generations of children living with serious illness in Ireland. One of the most powerful and lasting ways a person can support Barretstown is by considering leaving a gift in their will. Barretstown receives just 2% funding, and must raise the remaining 98% from the public. All legacy gifts left to Barretstown, no matter the amount, are combined into the Magic Fund. This Fund is a vital source of income for Barretstown, allowing even more campers to experience the magic of Barretstown and allowing Barretstown to invest in vital capital projects, they would not otherwise be in a position to undertake. When a child is seriously ill, their life becomes about everything they can’t do anymore, and they can stop feeling like a regular child. Even when they physically start to get better, the psychological scars of their illness, or that of their siblings, can remain: eroding confidence, diminishing self-esteem and coping skills. Barretstown empowers and encourages each child to step out of their comfort zone and re-build their confidence through medically endorsed therapeutic camps and programmes. They start to discover the magic of being a child again. Hospitals treat the illness. Barretstown treats the child. The Barretstown programme is endorsed by leading medical professionals and has become internationally recognised as having a profound and lasting impact on the lives of children living with serious illness. 40 Senior Times l May - June 2021 l www.seniortimes.ie

Elsie with Richella You can be part of the magic. You can Press Play on childhood. “Barretstown has become a magic word in our house. It means joy, it means happiness. But the biggest impact Barretstown has had is to enable us to know that there was something else outside of cancer and treatment. Something brighter to look forward to. I’m so grateful that there is a Barretstown. And I’m very grateful to kind people who make it possible for families like mine to go there.”


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Articles inside

Lockdown story

3min
page 80

Cosmetics and beauty

20min
pages 72-79

Meeting Place

10min
pages 70-71

Northern Notes

13min
pages 65-69

Creative writing

10min
pages 60-62

Wine World

7min
pages 56-59

Dublin Dossier

9min
pages 48-51

Motoring

4min
pages 46-47

Legacies update

7min
pages 42-45

Do it yourself

17min
pages 36-41

Eanna Ní Lamhna on a mission to open our hearts and mind

1min
pages 16-17

Bridge

11min
pages 34-35

Mary’s Musings

10min
pages 26-29

The day I won the Eurovision song contest

11min
pages 18-25

Barney Dooley’s fart and the end of the world

13min
pages 31-33

Guess the year

3min
page 30

Buses, wire hangers and other hardships

7min
pages 12-15

A full life in the fast lane

13min
pages 7-11

News

8min
pages 4-6
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