People can also leave money or property to Al-Mizan Charitable Trust following their death by making provisions for this in their will. There are two ways that this can be done. The first is a Pecuniary Legacy, which is a specified sum of money, or a specified item of value, such as a painting, property or shares. The second is a Residuary Legacy where a percentage of the net value of an estate is given to the specified charity, after the executors have paid all the necessary outgoings and other legacies or bequests.
Charitable donations in a will are completely free of Inheritance Tax. In order to leave money to Al-Mizan Charitable Trust in your will, a donor will have to make a will or amend an existing will, which can be done by obtaining legal advice from a qualifed professional, such as a solicitor, who can make the necessary arrangements.