Legacies and Wills
THE IMPORTANCE OF LEGACIES
The Suffolk Horse is a Category 1 Endangered Breed on the Rare Breeds Survival Trust watch list, with less than 170 mares with breeding potential in the UK. In past years, only 45 mares have gone to stud each year resulting in less than 30 foals born on an annual basis. In 2018, the Suffolk Horse Society paid over £31,000 in grants to breeders and owners of the Suffolk Horse. Much of the money raised for these grants came through the generous support of people who have shown their undying love for the Suffolk Horse by leaving Legacies and Donations in their Will. The significant increase in grants paid has led to a near doubling of the number of mares covered.
How Can You Help?
We cannot underestimate the importance of Legacies and Donations to the Suffolk Horse Society, without which we would not be able to invest in the future of the Suffolk Horse. This may also help to reduce the amount of Inheritance Tax payable for your estate. Please see our recommendations below.
A Legacy for the Suffolk Horse
Please remember The Suffolk Horse Society in your Will with a legacy, large or small, and you will help to ensure that the magnificent Suffolk Horse is here for future generations.
Making a Will
Nobody likes to dwell on it but the importance of making or updating a Will cannot be underestimated. A Will ensures that your wishes are clear and legally binding for the future. A Will ensures that your possessions and other assets are passed on to the people and charities you choose. Without a Will that choice is lost and your belongings might even end up in the hand of the state.
We would always recommend that you consult a solicitor for help in drafting a Will. Please feel free to print this article and take it to your solicitor if you would like to help the Suffolk Horse by including the Suffolk Horse Society as a beneficiary of your generosity.
Types of Legacy
As your solicitor will tell you, legacies can take various forms:-
A Residuary Bequest is a share of what is left of your estate when other bequests and liabilities have been settled.
A Pecuniary Bequest is a fixed sum of money that you would like to give. You must state the exact amount and give the Suffolk Horse Society's full name, Charity registration number and address.
A Specific Bequest is a valuable item or property that you would like to leave to the Suffolk Horse Society.
Legacies to the Suffolk Horse Society are tax-free so you can reduce the tax payable on your estate by including us in your will.
An additional way to help could be to request donations to the Suffolk Horse Society instead of funeral flowers.
Get in Touch
Please contact us if you would like more information about the work we do, or if you would like us to provide appropriate wording for a bequest in your Will.
THANK YOU FOR YOUR SUPPORT
Congratulations to Zoe Basford who won the Christmas Card Photograph Competition.
This beautiful photograph she took is now available to buy as a Christmas Card from the Suffolk Horse Society.
There will be an order form in the Autumn Newsletter, out in October, or you can call the office on 01394 380643 to pay over the phone.
Another date for your diaries!
6th October 2019 is the Suffolk Horse Ploughing Championship and Vintage Tractor Fair in Bucklesham.
Thank you so much to everyone who came along to the Suffolk Horse Spectacular at Marks Hall on Sunday 1st September 2019.
We will be publishing lots of photographs soon, as we receive them from our photographers but in the meantime keep an eye on our Facebook and Instagram pages for visitors photos.
Photo of Randy Hiscock's fantastic turnout at the Suffolk Spectacular 2019
Suffolk Horse Foal & Youngstock Show
22nd September 2019
Topthorn Equestrian Centre, Stonham Aspall, Stowmarket IP14 6BX