Charities urged to act now to benefit from market growth
A predicted legacy boom worth up to £40 billion over the next decade[1] presents charities with a unique window of time to act and benefit from market growth, according to a new joint report produced by ILM, Remember A Charity, Legacy Foresight and Smee & Ford. Expectations are that the substantial uplift in demand for […]
Legacy giving will “hold up well compared to other income streams”
Legacy Foresight has released its Legacy Market Briefing 2020 report to the sector, sharing insights about the shape of the sector today and some key long-term trends. Based on analysis gained from the Legacy Monitor programme and its consortium of over 80 leading not-for-profit organisations, some key findings are as follows: 1. Long term bequest […]
Is your probate administration operation maximising estate values?
In October 2019, £1.1 million of unknown assets was discovered for a beneficiary. Professional executors are increasingly being used to handle the probate of estates, but how many of those estates might have hidden assets trapped within them? Are you ensuring that you are following the best practice procedures and searching for assets which belong […]
Co-op Sees Legacy Gifting Surge 56% In 12 Months
This week marks Remember a Charity week, and to coincide with the week, Co-Op Legal Services has released its business data which has demonstrated that in the last 12 months legacy gifting to charities has increased by 56%. Between mid-March and June, the peak of the coronavirus pandemic, the organisation saw an 81% increase in […]
Remember A Charity Week Launches
With law firms, financial advisers and charities reporting a surge in Will-writing enquiries during the pandemic1, Remember A Charity in your Will Week (7-13 September 2020) launches today, offering a campaign toolkit designed to help advisers open up conversation around Will-writing and the option of including a charity. Over 100 people across the UK currently write a gift to […]
Legal Advisers Play Critical Role In Normalising Charitable Wills
In the latest Today’s Wills and Probate readership survey, 9 in 10 legal advisers said they now include the option of charitable bequests in their Will writing service, helping to grow and normalise legacy giving. Charitable Will writing enquiries are believed to have hit record levels in recent months, with charities and the legal sector […]
Could The Surge In Demand For Will-Writing Save The Nation’s Charities?
Lucinda Darby is Marketing Manager of Remember A Charity – a consortium of 200 charities with a network of legal advisers (Campaign Supporters), working to normalise legacy giving in the UK. Lucinda has taken some time to talk to Today’s Wills and Probate about the impact the coronavirus pandemic has had on will making and […]
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. […]
