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

Expected growth in charitable gifts in Wills

Posted on 21st August 2020 in Charities and Social Enterprise, Probate & Wills, Coronavirus Pandemic

Posted by

Rachael Morley

Associate and Solicitor
Expected growth in charitable gifts in Wills

A recent insight reflected on how charitable gifts in Wills are now in decline and how, with the pandemic, charities’ income could drop by up to 15% this year.

There is however some good news for charities in that the downturn may not be as bad as previously expected. Long-term, the forecasts are that charitable gifts will continue to grow, from £2.9 billion in 2019 to around £3.5 billion in 2024. However this is of course only a projection and will not help charities with the expected drop in this year’s income.

It is likely that the impact of the Covid will squeeze charitable giving even further in the immediate 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 interested in putting a Will in place but want to help charities directly, you may decide to complete your Will under a charitable scheme through Tozers. These run at various times throughout the year and see the firm waive its fees for putting simple Wills in place for you, inviting instead a donation to charity. 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

How can you deal with illegal or unauthorised encampments?

Posted on 20th July 2021 in Rural Property & Countryside Matters, Parks, Affordable Housing

As we move into the school holidays, we are seeing an increase in instructions for removing unauthorised encampments from land. Given the lack of affordable housing, traveller sites and, now, holiday accommodation in hot spot areas, we expect to see a big rise in unauthorised encampments across popular visitor sites.

Posted by

Sarah Schooling

Associate and Solicitor
Insights

Delays when registering a Lasting Power of Attorney

Posted on 16th July 2021 in Later Life Planning

The England and Wales Office of the Public Guardian (OPG) has announced that it is currently experiencing delays when registering Lasting Powers of Attorney (LPAs).

Posted by

Sue Halfyard

Associate and Chartered Legal Executive