Covid-19 Update: We are continuing to provide our usual services whilst maintaining the safety of clients and colleagues. Read our latest update here.

Complete the form below to ask us a question or make an enquiry. We’ll get back to you via phone or email as soon as possible.

Insights

Charitable gifts in Wills

Posted on 08th July 2020 in Probate & Wills

Posted by

Rachael Morley

Partner & Solicitor
Charitable gifts in Wills

After many years of increasing, charitable gifts in Wills are now apparently in decline.

Recent research from Smee & Ford, in their Legacy Trends Report 2020, shows that the number of estates leaving charitable legacies fell from 37,637 to 33,120 between 2018 and 2019. In the past, income from charitable legacies was in the region of £3 billion, but recent years have seen this drop to around £2.9 billion.

It is likely that the impact of the Coronavirus will squeeze charitable giving even further in future, although various Inheritance Tax exemptions do remain for now. You can find out more about leaving a gift in your Will, Inheritance Tax and passing on your assets in our downloadable guide.

Passing on your assets guide

 

If you are thinking of putting a Will in place, either generally or to make charitable gifts, and would like to talk this through with someone then please visit our specialist Wills hub page or contact a member of the team.

Contact the team

Company & Industry

Related Insights

Insights

HMRC warns of errors in property disposal reporting

Posted on 19th November 2021 in Probate & Wills, Later Life Planning

HMRC have identified potential errors regarding the declaration of residential property disposals for Capital Gains Tax (CGT) purposes when completing self-assessment tax returns for 2019/20.

Posted by

Sue Halfyard

Senior Associate and Chartered Legal Executive
Insights

Talking to your family about your wishes for the future

Posted on 09th November 2021 in Probate & Wills, Later Life Planning

Nobody likes to think about a time when they are no longer around so talking to loved ones about what you would like to happen after you pass away may seem morbid or unnecessary. However, talking about financial and practical matters can help put your mind at ease and make things much easier for those closest to you when the inevitable comes.

Posted by

Gráinne Staunton

Partner and Solicitor