New figures released today show more than 1 in 5 Wills handled by Professional Willwriters and Solicitors now include a donation to charity.
The survey, commissioned by Remember A Charity, reveals that 7 in 10 solicitors and Will-writers alert clients to the Inheritance Tax benefits of leaving a gift in their Will.
Gifts in Wills are the largest single source of voluntary income for charities in the UK, raising £3.4 billion for good causes annually and funding vital charitable services. In the UK, charitable bequests are exempt from the 40% Inheritance Tax.
Rob Cope, director of Remember A Charity – a consortium of 200 UK charities, says:
“There’s so much to think about when writing a Will, particularly when it comes to taking care of family, friends and all those we leave behind, so a charitable donation is easily forgotten. But people in the UK are often deeply charitable, finding it both empowering and a great comfort to remember good causes by leaving a gift in their Will.”