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Charities as Beneficiaries


£27.00


Wills and probate


In stock


25 June 2012


Law Society Publishing


9781907698552


Paperback + CD-ROM
64 pages

Charities as Beneficiaries
3rd edition

Law Society's Private Client Section and the Institute of Legacy Management

Overview

Seven per cent of people in the UK leave gifts to charities in their wills. The total value of these legacy gifts is almost £2 billion per annum. Charity legacy professionals and solicitors play a crucial part in ensuring this generosity achieves its purpose.

Charities as Beneficiaries provides practical guidance on issues arising from the drawing up wills, the administration of estates, will trusts and taxation where a person wishes to benefit a charity. In particular, it explains the roles and obligations of solicitors and charity legacy professionals in order to promote greater understanding of how they can work together to maximise the efficiency and value of bequests to charity and minimise the cost of estate administration.

This third edition has been comprehensively updated by expert contributors drawn from the Private Client Section Executive Committee and Wills and Equity Committee of the Law Society, the Institute of Legacy Management, and solicitors in private practice.

The appendices also contain useful precedents, guidance and resources to assist busy practitioners.

Special notes

If you are a member of the Law Society's Private Client Section you will have received a free copy of Charities as Beneficiaries with the July edition of PS magazine (distributed on 6 July 2012). If you are a member of the Section and did not receive your copy please contact the Private Client Section at privateclientsection@lawsociety.org.uk


Contents

About the contributors
Preface
Introduction
1. Drawing up wills
2. Administration of estates
3. Will trusts
4. Taxation
5. Other issues affecting charities
Appendices
A. Example letter requesting a Larke v. Nugus statement
B. Will clauses
C. Sample Smee & Ford notification
D. Royal Sign Manual directions
E. Memorandum of appropriation for investments
F. STEP draft model clause for wills benefitting a charity to satisfy the 10 per cent test
G. Further reading
H. Useful links

About the Author

The Institute of Legacy Management (ILM) promotes professional standards, provides accredited training and acts as a forum for legacy professionals, charities and solicitors in private practice. For more information please visit www.legacymanagement.org.uk.

The Law Society's Private Client Section (formerly the Probate Section) provides best practice information and support to those working in the fields of wills, financial planning, trusts, tax planning, Court of Protection, care planning and estate administration.