Charities see rise in number of will legacies.
There was an increase in the number of charities named in wills between 2014 and 2015, which could encourage more people to include non-profit organisations when they write their wills in Manchester.
Remember A Charity recently hosted an event, during which Smee & Ford revealed more and more charities are benefiting from donations in wills.
In England, Scotland and Wales, the number of charities that were bequeathed a gift reached 9,910 in 2015, a rise of ten per cent from 9,019 the year before.
Rob Cope, director of the consortium of over 140 charities, said: “These findings mirror our own experiences at Remember A Charity, where we are getting more and more enquires from a range of charities, including arts and health organisations, that have recently entered the legacy field.”
The findings also showed 19,261 charities have been named in wills between August 2012 and the end of December 2015.
In 2015, 195 health charities were added to the legacy register, revealing an increase in interest to leave money to medical organisations.
Indeed, 47 per cent of charities that were mentioned in wills for the first time last year were for community, educational, cultural or religious causes.
The amount of money left as legacy income reached £2.208 billion in 2014, an eight per cent increase from the year before, in spite of a one per cent decline in the number of deaths during the 12 months.
Remember A Charity aims to encourage solicitors to suggest including charities in their clients’ wills, raise awareness about will writing, and help charities promote gift giving.
At QualitySolicitors Belshaws, we have partnered with UK charity Barnados who will fund the cost of your will. Follow this link for more information and find out how easy it can be for you make your will.