It has been revealed that one in five people now write a charitable donation within their Will.
This has risen to 19%, up from 14% in 2013.
It is great to see that there has been such a substantial rise in gifs to charities. Not only can it be tax beneficial for you, but this also provides a large financial boost for the charity (or charities) of your choice, especially during the Covid-19 pandemic.
Currently, over 10,000 charities on average are named in Wills each year. Hopefully, this will help future generations leave a gift in their Will to a charity.
Even a small gift in a Will can make such a big difference to some.
It is important to prepare a Will to ensure that your loved ones are protected, but it is also important to ensure that your own wishes are protected, including if you wish to give assets to charity. Without a Will it will not be possible.
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.
Please feel free to contact me on 0207 183 4595 or at emma.aslett@pennchambers.co.uk
0207 183 4595