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Insights

Charitable gifts in Wills

Posted on 08th July 2020 in Probate & Wills

Posted by

Rachael Morley

Associate and 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.

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Do pensions count as assets when dealing with a divorce?

Posted on 22nd October 2020 in Family Law

Whether retirement is imminent or even some way off, pensions are still taken into consideration when dealing with assets on divorce, and can actually often be the largest asset to consider. Irrespective of who the pension belongs to, it is still an asset about which a court can make orders on divorce. This applies both ways, meaning each spouse will have a ‘claim’ against the other’s pension provision.

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Aimee Aspinall

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Unclaimed estates totalling £1.744bn from those without Wills

Posted on 02nd October 2020 in Probate & Wills

It has been reported by a north-east property developer that there are approximately 7,991 estates currently left unclaimed in England and Wales. The total value of which is estimated at £1.744bn, equating to £218,300 per estate. They report that the majority of these estates have been left by single people who have not made a Will.

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Sue Halfyard

Associate and Chartered Legal Executive