Legacy Income Shows Signs Of Positivity
Following the coronavirus pandemic, in April charities were advised to prepare for a fall in legacy income. However, now further forecasts have been made, and have provided a glimmer of hope with regards to legacy giving. Legacy Foresight looked at a variety of economic, demographic and administrative information to make its predictions. The performance they […]
Legacy Income To Fall By A Quarter In 2020
New forecasts have indicated that legacy incomes are set to decline more significantly this year than originally predicted. In 2020, charities should prepare for legacy income to fall by between 8 per cent and 27 per cent with the average value of residual bequests also declining by 4 per cent this year. The report has […]
Legacy Management In The New World Of Social Isolation
In the last two weeks, all 600 of our members have transitioned from being mainly office based to working from home, many of them suddenly having to home school children (and partners!) as well. As you can imagine, it has been quite a hectic couple of weeks, and it is a testament to our members […]
Kirk Douglas’ Lasting Legacy
At the beginning of the month, the world mourned legendary star of the silver screen, Kirk Douglas, who passed away on 5th February aged 103. It has now emerged that the Spartacus actor has left his entire fortune to charity, through the Douglas Foundation – which he founded with his wife Anne – which aims […]
Leaving Legacy Gifts In Wills Now Top Of Agenda For Will Writers
Over two thirds of solicitors and Will writers are initiating conversations with their clients regarding leaving a charitable gift in Wills, according to a study commissioned by a charity consortium. Remember a Charity commissioned a tracking study from Future Thinking which revealed more UK legal advisers are raising the topic of charitable requests with their Will writing clients than ever before. The study revealed that 68% of solicitors and […]
Legal Tech Is Revolutionising Legacy Giving
Legal technology within the Wills and Probate industry has evolved and is now transforming the world of legacy giving. With technology changing the way the world communicates, its impact on business has been huge, fast-moving and continues to grow. Those who work with Wills have started to see legal technology as a game-changer which can […]
Legacy Income Set For 4% Increase Over Next Five Years
Legacy income for charities is set to rise by 4% over the next five years with charities set to receive legacy increases in excess of £650 million. Unfortunately, this increase in legacy income also coincides with a fall in life expectancy, according to recent death projections forecast by the Office for National Statistics (ONS). The new […]
Latest Brexit News Means Legacy Income Will Rise Significantly
The UK legacy market is predicted to increase by nearly £600 million by 2024 following the latest Brexit decision. According to the leading analysts of legacy fundraising, Legacy Foresight has confirmed that we will see a significant rise for legacy incomes in the next five years, even though there was a 2% drop in income […]
Predictions Of Legacies In Wills And In-Memory Giving In 2045
A new report which investigates the future of legacy and in-memory giving sector reveals charitable bequeaths and in-memory giving will double in 25 years. In advance of the launch of its report ‘Giving Tomorrow: Legacy and In-Memory 2045’ at the Institute of Fundraising‘s Legacy Fundraising conference in London today, Legacy Foresight, the leading analysts of […]
Worrying Cybercrime Threat Facing Charity Industry
Experts predict that one in every six large charities will suffer a cyber attack during the next two years. Nearly a quarter of charities believe cyber crime is a greater risk to the sector than any other sectors, according to the main findings of the largest survey ever undertaken into cybercrime in the UK charity […]
Quarter Of Retirees Exclude Family Beneficiaries In Wills
Over a quarter (28%) of pensioners plan to leave their estate to beneficiaries other than close family members. Those young people who are increasingly reliant on inheritance and gifts to buy property may well be disappointed in this revelation. There are multiple reasons why retirees shun family beneficiaries, one of which is estrangement, but the […]
Let’s Talk About Legacy Giving…With Guest Speaker Lucinda Darby!
Charity isn’t a dirty word when talking Wills The public believes that legal advisors should provide information about leaving money to charity when providing Will-writing services and relevant guidance, and yet many advisors appear more comfortable talking death and taxes than they are about legacy giving. In this month’s webinar, Lucinda Darby, Marketing Manager at […]
UK People Prepared For Inevitability Of Death, Poll Reveals
People in the United Kingdom are more prepared than ever for death, according to a new survey. The poll, which asked those over the age of 18 whether they have made a will, showed an increase in those who have already got their affairs in order to 50% – up from just 47% in 2018. […]
Probate Delays Blamed For Fall In Charity Bequest Notifications
Legacy Foresight’s latest bulletin has revealed a reduction in charity bequest notifications due to probate delays and changes to the legacy notification system. Britain’s charity data analysts of the legacy and in-memory sectors found that there was a 7% fall in the number of bequest notifications to charities in the year to June 2019 compared […]
Charities Lose Millions To Fraud
A UK national fraud reporting centre reveals a breath-taking figure of almost £8m lost by charities to fraud. The staggering figures were exposed after Accountancy firm RSM retrieved the data following a freedom of information request to Action Fraud. Broken down, UK charities had submitted 1,057 reports of fraud which totalled £7.85m in the year […]
Tax Reforms Incentivises Will Writers To Discuss Legacy Giving
A recent Charity Tax Commission (CTC) report reveals a suite of reforms that will incentivise professional Will writers and increase legacy giving. One of the proposals made by the CTC was that charitable Wills should be exempt from VAT. This has been welcomed by charity organisations as the recommendation will encourage solicitors to discuss legacy […]
Welsh Charities Increasingly Reliant On Legacy Gifts In Wills
Top Welsh charities are becoming more and more reliant on income from charitable legacies, according to Remember A Charity’s new report ‘Welsh Legacy Fundraising Market 2019’ released this month. The legacy market is growing fast in Wales with smaller charities having a bigger share of the legacy market but large and health-related charities still dominate […]
Charity Sector Given Less Than 6 Weeks To Prepare For Wills Notification Changes
Charities will be given less than six weeks to prepare for the new Wills Notification service. HM Courts and Tribunals Service have confirmed that the charity sector will not be offered any further details on the replacement and interim Wills Notification Service until June 18, less than six weeks before the new system will start. […]
Significant Shift In Public Attitudes To Charitable Legacies
People’s attitudes to leaving gifts in Wills to charities have become more positive over the past ten years, according to the latest UK consumer tracking poll commissioned by Remember a Charity. Remember a Charity, who help charities who rely on gifts in Wills to continue their work and to grow the legacy market, have seen […]
Clarity Needed Over Government Bequest Alert Plans
Leading firm of genealogists and international probate researchers Fraser and Fraser has called for clarity regarding Ministry of Justice (MoJ) plans for a restructured wills notification service. HM Courts and Tribunal Service (HMCTS) announced in January that it would be ending its association with private company Smee & Ford (S&F), which for over 50 years […]