Law firm Wrexham helps with charity donations in Wills
A law firm has pledged to help clients “remember a charity” when writing their wills.
More people are leaving a charitable gift in their will than ever before, with the UK having seen a 30% increase in the proportion of people choosing to donate in this way over the past 20 years.
An increasingly popular way to give, 100 people across the UK are now writing a charitable donation in their will every day, funding vital services across the country. However, speaking with clients, the Allington Hughes Law team finds that many of them are still unaware that they can give from their will.
The firm, with offices in Wrexham, Chester and Llanrwst, has signed up to the national campaign, Remember A Charity, to build public understanding, by informing customers who are making a will that they have the option of making a gift from their will, after making arrangements for family and friends.
Emma Jacobs, Senior Associate Solicitor at Allington Hughes Law, said: “We are delighted to have pledged to support the ‘Remember a Charity’ campaign. Next month there will be pressure to get people to be more aware at during the week of September 5 to 11. .
“We will ensure that all of our clients know that it is always a good idea to include a gift in their will, no matter how small. People often feel deeply connected to the charities they support and find the idea to include a gift in their attractive will, but there is a common misconception that this type of gift is only for the wealthy.
“In reality, people can donate any amount – large or small – to any charity. It all makes a difference, and it can be such a rewarding thing to do.
“There are also generous tax breaks for those who donate by will, which makes it even more attractive to our clientele.”
Donations by will are exempt from tax, thus raising the threshold for inheritance tax on the estates of donors. And for people who choose to gift 10% of their estate or more, it reduces the estate tax rate from 40% to 36%, which can be a huge reduction on larger estates.
Allan Freeman, Chairman of Remember A Charity – a consortium of 200 UK charities, added: “Legal giving has a phenomenal impact on charitable causes across the UK, from funding medical research or shelters for people with abuse, mental health helplines or keeping the local theater open.Particularly in recent times, this income has never been greater, helping charities maintain and even to increase services to help those in need.
“This is a great opportunity for people to make a lasting positive impact, leaving the world a better place for future generations.”
Contact allingtonhughes.co.uk to find out more or visit www.rememberacharity.org.uk for inspiring stories about the impact of giving in wills.