Charitable Estates on the Rise

The Legacy Giving Report has revealed that the number of people leaving charitable legacies has increased by 22% year on year.

This means that the number of charitable estates has now risen to 46,000 – a 22% increase compared to last year.

Charitable legacy gifting continues to grow, whether through a residuary legacy (where a person leaves their entire estate or the remainder of their estate to a charity after other beneficiaries have been provided for), a pecuniary legacy (where a person leaves a specific sum of money to a charity), or a specific gift (where a person leaves a particular asset to charity).

The Legacy Giving Report also noted that the average value of estates leaving charitable gifts was £599,000, with the South Coast and London being the most generous regions.

Emma Aslett

Penn Chambers Solicitors   

0207 183 4595

The information provided in this article is not intended to constitute professional advice and you should take full and comprehensive legal, accountancy or financial advice as appropriate on your individual circumstances by a fully qualified Solicitor, Accountant or Financial Advisor/Mortgage Broker before you embark on any course of action.