Posted by James McNeile, Partner
On 1 September 2016 Withy King LLP merged with Royds LLP. The trading name for the merged firm is Royds Withy King. All content produced prior to this date will remain in the name of the firms pre-merger.
A third of people would be happy to leave a charitable gift
According to a recent study, as many as one in three UK adults would be willing to leave a charitable gift in their will, but a far smaller number actually make the arrangements to do so.
In light of the figures, an organisation which encourages members of the public to leave bequests to good causes is hoping to raise awareness of the different options available.
Remember a Charity’s campaign won backing from a number of political figures, who agreed that gift giving made a huge difference to charities nationwide.
Damian Hinds, the Exchequer Secretary to the Treasury, and Rob Wilson, the Government’s Minister for Civil Society, both signed a letter which urged people to consider the causes close to their heart when drafting their will.
“Many charities rely on these gifts to help carry out their vital work,” they wrote.
“Unfortunately there is evidence of a disconnect between people’s intentions to give money in their wills and those doing so.”
Even though many people never get round to making a bequest, the amount of money left in wills is still exceptionally high.
In 2014, a staggering £2.2billion was received in legacies – amounting to the biggest source of voluntary income in the country.
Rob Cope, director of Remember a Charity, was hopeful that the recent campaign to raise awareness could increase the figure still further.
“Particularly in light of the negative portrayal of fundraising in the media recently, it has never been more important that charities continue to strive for the highest standards, cherish their supporters and celebrate success.
“Without legacy giving, many charitable services might not survive.”