7-13 September is Remember a Charity Week, the annual national campaign which urges us all to consider leaving a gift in our will for the charities that have made a difference to our lives.
Around £10 billion is donated to charity every year, including an estimated £2 billion left in legacies. 2020 has been an unprecedented year for charities though, and while many organisations have seen an increase in demand for their services, donations have dropped by an estimated 60 per cent as charity shops shut their doors and major fundraising events like the London Marathon were cancelled.
Many charities, especially small local ones, rely on donations to continue their work, so this Remember a Charity Week, our Wills, Probate and Lifetime Planning team is urging people to consider leaving a gift to a good cause in their wills.
Partner Graham Fuller said: “The process of leaving a legacy is very simple but it must be done correctly to ensure the organisation benefits from your generous donation.
“The first step is to ensure you have a properly drafted will. It’s estimated that fewer than two thirds of adults aged over 55 actually have a will, so if you want a say in how your estate will be divided after your death, you must get your final wishes in writing.
“The legacy itself can be a cash donation – however big or small – or you could gift a possession, property or another other item. Your will should state clearly what you are leaving and how you would like it to be disposed of (sold) or retained by the charity.”
To find out more about making leaving a donation or a gift to charity to your will, please contact Graham in the Wills, Probate and Lifetime Planning team on the details below. Graham and the team is vastly experienced and will help you ensure that your favourite charity or charities benefit from your support when you pass away.