Leaving A Legacy

WHAT KIND OF LEGACY GIFT CAN I LEAVE?

Leaving a legacy to charity can take a number of different forms:

  • Residual legacy: Allows you leave a portion of your remaining estate to charity.

  • Pecuniary legacy: A gift of an amount from your estate determined by a formula.

  • Specific legacy: A gift of a specific amount from your estate which may also include information about the source of the gift, for example, a specific bank account

    A residual legacy is protected from inflation and is, therefore, the best way to ensure that your gift retains its value.

WHAT IF I HAVE ALREADY WRITTEN A WILL AND WANT TO LEAVE A GIFT TO 500K?

  • It is important to keep your Will updated to reflect any major changes in your life such as marriage, bereavement, divorce or the birth of a child or grandchild. It is good practice to review your Will every five years or so.

  • If you would like to add a legacy gift to 500k to your Will it is possible to do so by making  a codicil to your Will. This is a simple process and engaging an attorney to assist will ensure that any changes are legally binding.

What is a legacy gift?

One day when we will all stand before Jesus we hope to hear those eternally powerful words, “well done, good and faithful servant.” That is the hope of every believer. That we may stand before our King having run our race knowing that we will find true peace in Heaven.

The beautiful truth is that on the day we encounter King Jesus face to face, we still have an opportunity to leave a legacy here on earth. That legacy is primarily relational. It’s in the ways in which we were able to impact the people we met. But we all also have an opportunity to leave a legacy that goes far beyond the people we know or the people we will ever encounter.

A legacy donation is the opportunity to leave either a Residual, Pecuniary or a Specific legacy gift (see descriptions below) to help a charity further it’s mission. 


Here at 500k our mission is simple; we want to see an India where every person has access to the good news of Jesus. When you stand before the Lord enjoying eternity with Him, Your legacy donation will be furthering the gospel across India. 


After providing for your family and loved ones, there is a great opportunity to leave money in your Will to a charity.

Why should I write a will?

The primary reason for writing a Will - and updating it regularly - is that this is the only way to make sure your wishes are carried out after your death, giving you peace of mind that you can continue to support the family, friends and causes you love. 

If you don’t make a valid Will, your loved ones could face significant stress and expense after your death, and you risk your estate going to the state.

We’d encourage you to engage in this process to ensure peace of mind for you and your family.

WHAT’S THE PROCESS OF WRITING A WILL?

  1. Pray

    We’d really encourage you to take a prayerful posture when writing your Will. Some aspects of your Will may be obvious, but there will be others that need greater consideration. We believe that the Lord will lead you in the process as you consider how you leave your estate. 

  2. Engage an attorney

    The best way to start the journey of writing a Will is by engaging an attorney . They will be able to best advise you in the process and will be able to help you complete the documentation you need to make it happen.

    You can write your own Will, however, we recommend you engage an attorney when making or changing your Will to ensure that your wishes are made legally binding. If you do not have an attorney you should ask family or friends for recommendations. If you need further help, the Law Society’s database may help you find an attorney to help that is close to where you live.

    Some people may not take this step as they are concerned about the cost of making a Will, but we believe it’s a very good investment.. You can find more about specific costs by discussing with local attorneys in your area.