UK Annual Wills & Trusts Research
Standard Life’s annual Wills & Trusts Research found that 22% of the population planned to leave money to a charity, despite the economic downturn. A larger proportion of people who are single are likely to leave money to charity compared with those who are married or cohabiting or widowed, separated or divorced, the research also found.
According to the Institute of Fundraising, legacy donations are a vital income source to charities, raising £1.6bn each year. Julie Hutchison, head of estate planning for Standard Life, said that given the current economic climate, it was heartening to see that almost a quarter of those questioned intend to leave money to charity in their will.
Although the research isn’t very in-depth, it does give some indication as to the public’s response to wills and trusts and giving to charity, given the changing economic conditions. You can download the following reports for free:
- Wills and Trust Research Report 2011
- Wills and Trusts Research Report 2009
- Wills and Trusts Research Report 2008
- Wills and Trusts Research Report 2007