Challenges to charitable legacies are on the rise
Challenges to charitable legacies are on the rise, legal experts have told Philanthropy UK. Financial concerns due to the recession and social changes have prompted more families to dispute wills...
Concerns over mental capacity as people live longer often prompt these challenges. Meg Abdy, director of Legacy Foresight, consultants who analyse the legacy market, says, “Families may be in a position where they suspect the person who made the will wasn’t in their right mind.” |
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Dead funny - legacies enter a new era Professional Fundraising - March 2009
Meg Abdy, director of Legacy Foresight, told PF the market has significant potential. "There is a very big proportion of people who die with very little money, and you're never going to profitably reach these peope. But within the more affluent group, there's still a hell of a way to go if you're encouraging people to think about leaving a small amount of money in their will. the potential is definitely there for Remember A Charity, she says. |
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Legacies only way to proof sector against recessions Third Force News - 27 March 2009
New research by Legacy Foresight aims to fill wide research gaps about the Scottish legacy market. |
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Value of legacies "will fall this year" Third Sector - 24 March 2009
The value of some of the largest legacies left to charities will fall by between 10 and 15 per cent over the next 12 months, according to research programme Legacy Foresight. |
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Hot issue: legacies in the downturn Third Sector - 17 March 2009
In the short term, legacy income is under unprecedented pressure. But in the longer term, when the economy eventually revives, so will legacy values. The charities that win out will be those that have invested capably and consistently in branding and legacy promotion. So ask yourself are we doing enough today to ensure that supporters will remember usin their wills tomorrow? |
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Asset price fall set to hit legacy income Financial Times - 23 December 2008
Charities can expect their income from legacies to decline by up to £350m as bequests are eroded by sharp falls in asset prices and a frozen housing market, say experts in the field.
"Legacy giving will have climbed only slightly to about £2.1bn this year, before dropping sharply to £1.85bn in 2009 and reaching a trough of £1.75bn in 2010."
Chris Farmelo
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A background to will writing www.guardian.co.uk - December 2008
In our changing society, with increasingly complex domestic and financial circumstances, more people than ever could benefit from making a will. Yet over two-thirds of adults in England and Wales do not have one. Here's why they should.
"When people do remember charities in their will, residual bequests [the residue of the estate] tend to be much more valuable than pecuniary bequests [a set amount of money]. Due to the decreasing value of property and assets [in the recession], residual legacies will not be worth as much as they have been and so legacy income is likely to fall over the next couple of years."
Chris Farmelo
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