According to the Law Society Gazette “solicitors are crucial to charitable bequests” following research from the Behavioural Insights Team and the University of Bristol. This research noted that clients who are told that many people leave money to charity in their Wills are 40% more likely to do so themselves, as it seems that many people did not appreciate that they could provide for their loved ones and still have the opportunity of including a charity if they wish to do so.
Here at Napthens we are fortunate to work with many charities from local to national projects and a charitable legacy within your Will can be a way of supporting a charity close to your heart.
According to the survey:
- 69% of people indicated that they would be happy for their solicitor to raise the issue
- While 46% thought a solicitor has a duty to raise the option of giving to a charity when discussing a Will.
We make sure all our clients fully understand the options available to them when making a Will and any issues that need to be considered in their circumstances.
Many clients choose to benefit a charity not only to maintain their support after they have gone but also because it can be a useful tool when considering Inheritance Tax Planning.
Robert Bourns, president of the Law Society noted “writing a Will is an important step in ensuring that the people, and causes, we have cared about will be properly looked after when we pass away. Solicitors have a vital role in this process, using our legal knowledge and experience to give our clients the reassurance their wishes will be properly carried out”.
For more information in relation to charitable donations or any other aspects in relation to preparing a Will please contact a member of the Wills and Estate Team.