11th September 2017
Remember a Charity in your Will Week
We are very much used to making charitable donations during our lifetime. A pound here, a few pounds there, it is all for a good cause. There are numerous ways of giving to charity. However, only a few of us leave charities a gift in our Wills.
Charities rely on both regular donations and legacies in Wills to be able to continue their work. Gifts to charity are free of Inheritance Tax, and if following your death your estate is likely to be taxable, leaving a sufficiently large part of your estate to charity can result in a reduced rate of Inheritance Tax applying to the rest of the estate.
So if you would like to remember a charity in your Will, speak to a qualified solicitor who will be able to advise you on the best way of including charitable gifts in your Will.
Hauke Harrack, TEP, a solicitor in Hewitsons’ Private Wealth team, comments: “All our solicitors dealing with the preparation of Wills are fully aware of how important it is for charities to receive donations to help them support their cause. Charities are very grateful if clients remember them in their Wills and even small legacies can make a real difference.”
Download our Tax Efficient Giving to Charity information sheet which explains in more detail how you can benefit a charity.
Please click here if you would like Hewitsons to provide a fee estimate for preparing your Will.
Hauke Harrack (Northampton)
Kelly Wardell (Cambridge)
Carolyn Bagley (Milton Keynes)
Hewitsons are proud Campaign Supporters of Remember A Charity in your Will.