Remembering the GWSR in your will
article by: webmaster
GWSR plc strongly advises that you take professional
advice in drawing up a will
Have you ever considered leaving a legacy in your will to the
This is one way of ensuring that the love of railway heritage
and the vision which we all share can continue to develop after we
are no longer able to give active support.
A legacy can be a specific sum, an asset or a percentage (as in
1% or 5%) of your residuary estate. Residuary estate is what is
left after any inheritance tax, other liabilities, administration
and other specific legacies have been paid.
The Gloucestershire Warwickshire Steam Railway (GWSR) is always
grateful for funds to help progress the development of the Railway
and it is easy to make a suitable provision in your will.
If you have not yet made a will, then perhaps you should
consider consulting a solicitor or other professional advisor to
discuss making one. If you die without a will, the law sets out who
inherits your estate on the basis of a standard formula and this
might not be what you would wish.
If you already have a will, it is simple and quick to add an
additional provision - called a codicil - that can be to the
benefit of GWSR.
LEAVING MONEY TO THE GWSR
The GWSR is a plc (public limited company) and is the owner of
the assets of the railway. It operates the services and also has
responsibility for the future development of services and extension
of the line. The plc is in turn owned by its share holders.
A legacy would be spent according to the then current needs of
the Company as determined by the Board of Directors
A sample wording suitable for including in a will is:
I give to Gloucestershire
Warwickshire Steam Railway plc (Registered in England & Wales
No 1576947) of The Railway Station, Toddington, Gloucs GL54 5DT
[the sum of £?? ] or [?% of my residuary estate] with freedom
to spend it as income and declare that the receipt in writing of
the Finance Director of the Company shall be good discharge to my
If you would wish to leave a larger sum for a specific purpose
or an asset to GWSR, it would be greatly appreciated if you could
talk in confidence to the Chairman in the first place. Please write
to him at The Railway Station marking your envelope