With the UK no longer among the Top 10 of the world’s most generous countries (source: CAF World Giving Index 2017), it is important to remember that charities rely on both regular donations and legacies in Wills to be able to continue their work.
Sadly, whilst we are used to making charitable donations here and there during our lifetime, only a few of us leave charities a gift in our Wills. Gifts to charity are free of Inheritance Tax and, provided certain criteria are met, can even result in a reduced rate of Inheritance Tax applying to the rest of an otherwise taxable estate.
For further details on how you can remember a charity in your Will (and help the UK reach a higher position in future World Giving Indexes), speak to a qualified solicitor.
Hauke Harrack, TEP, a solicitor in Hewitsons’ Private Wealth team, comments: “As solicitors, my colleagues and I 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.
See our Wills
services page for more information or click below
to e-mail:- Hauke Harrack
Hewitsons are proud Campaign Supporters of Remember A Charity in your Will