It was this week revealed that actor Alan Rickman who passed away in January left £100,000 to a number of charities close to his heart.
The much loved star left behind an estate worth £4million, with the bulk of his assets going to his wife. But he also left £25,000 each to the Royal Academy of Dramatic Art, Sponsored Arts for Education, the Facial Surgery Research Foundation known as Saving Faces and the International Performers Aid Trust.
This generous legacy is a timely reminder to consider how we would wish our estate to be distributed after we’ve gone. Is there a cause special to you that you could help support? While 75% of us give to good causes in our lifetime, only 7% of us remember charity in our Wills.
While of course it is most often our first instinct to ensure that those closest to us will be well provided for, without the £2bn that charitable legacies in Wills provide each year many of the nation’s charities would not be able to keep running.
In order to encourage people to remember charity in their Wills, there are also incentives available which can also reduce the tax burden on the rest of the estate.
If you would like more information on the different ways to remember a charity in your Will, and how this can impact your estate get in touch.