Why gifting to charities on death is a discussion worth having

A conversation worth having for numerous reasons

clock • 4 min read

Leaving money to charity in a will comes with IHT benefits, explains Neil MacGillivray

Let's face it, no one wants to think about their own mortality. But, as the old saying goes, the only two things certain in life are death and taxes. So, if we must think about taxes, we should also consider death too.  I appreciate that you're thinking death and taxes are not exactly the cheeriest of topics, and you'd be right. However, when dealing with clients it's important to plan for the inevitable and, equally, it's an opportunity for your clients to consider leaving a lasting legacy through gifting to charities in their will. Apart from allowing them to support causes they care a...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Tax Planning

Are retirement savers missing a trick with the lifetime ISA?

Are retirement savers missing a trick with the lifetime ISA?

Lifetime ISA effectively a stalking horse for pension reform

Laith Khalaf
clock 18 May 2023 • 4 min read
The split: How business assets divided on divorce

The split: How business assets divided on divorce

'Full and frank financial disclosure' needed from both parties

Maria Mulroe
clock 18 April 2023 • 5 min read
M&G Wealth adds CGT planning software to its platform

M&G Wealth adds CGT planning software to its platform

Advisers can conduct complex calculations for clients

Jenna Brown
clock 28 March 2023 • 1 min read