Legacy income (income from gifts in Wills) is essential to UK charities to enable them to carry on their vital work.
You can leave gifts to family, friends and charities in your Will and may naturally prioritise gifts to family. However, research shows that 35% of people surveyed wanted to leave some money to charity in their Will, but only 6.3% actually did.
Gifts to charities can range from cash gifts such as £100, £1,000 or more, to particular items such as personal belongings which they might be able to sell and, sometimes, a much more valuable gift such as a house or a share or even the whole of an estate.
Charities will appreciate any gift you can make to them in your Will, large or small, and whatever your preference, we can help you make a Will which puts your intentions in place.
In most instances, the inclusion of a legacy to charity in a Will is extremely straightforward – you simply need to identify the charity which you wish to support and the gift or the share of your estate which you wish to leave to them. However, there are some issues which can arise in relation to charitable legacies, such as the allocation of any inheritance tax between the charities and other beneficiaries where specialist advice can be useful.
Our “STEP” (Society of Trusts and Estates) qualified solicitor Stephen Morgan spent many years working for a large UK charity before moving to Jordans and is therefore ideally placed to help you with any questions you have relating to a gift to charity.
At Jordans we are proud to support the Remember a Charity Campaign (www.rememberacharity.org.uk) which provides useful information for you to consider if you are thinking of leaving a gift to charity in your Will.
Our Wills and Probate team advise varied clients, all looking to protect their finances, property, and other valuable goods after they’ve died. We recognise how important it is that this is done correctly, to provide peace of mind to everyone involved.
We are on hand to help with any queries you may have in regards to Will writing. Our Wills solicitors & law firms are based in Wakefield, Dewsbury, and Horsforth. Feel free to call us on 0330 300 1103 or request a call back by clicking here.