Why you should consider a charitable gift in your will

When it comes to writing a Will, most people think first of their family, and rightly so. But for many, it’s also a time to reflect on the causes, values, and communities that have shaped their lives.

At The Owen Kenny Partnership, we often talk to clients about the option of including a charitable legacy in their Will; a decision that can make a meaningful difference to others, while also offering benefits to your estate and loved ones.

So, why should you consider it?

1. Create a legacy that lives on

A charitable gift in your Will is a powerful way to leave a mark beyond your lifetime. Whether it’s supporting cancer research, local wildlife, your place of worship, an educational establishment, or a community project close to your heart, it’s an opportunity to give back in a way that reflects your values.

2. Support local causes that matter

Many people assume legacy giving is only for the big charities. But smaller, local charities can benefit hugely from even a modest gift. It can be deeply rewarding to know your contribution may help a local hospice, food bank, or community centre, and that your family will be able to see the difference it makes.

3. Reduce inheritance tax

Gifts to UK registered charities are exempt from Inheritance Tax. Not only does this mean your donation will go entirely to the cause, but if you leave 10% or more of your estate to charity, the rate of Inheritance Tax on the rest of your estate may be reduced from 40% to 36%.

It’s a generous gesture that can also result in more passing to your family, meaning a win win for everyone.

4. It’s simple to do

Including a charitable legacy in your Will doesn’t need to be complicated. You can leave a fixed amount, a percentage of your estate, or even a specific item such as property or shares. You are in control, and it can be tailored exactly to your wishes.

Contact our Private Client team at Owen Kenny on 01243 532777 or email info@owenkenny.co.uk with your enquiry.

#PrivateClient #ChichesterSolicitors #WestSussex