Income Tax and Legacies

Ashley Rowthorn Good Practice in Legacy Management

One important way of increasing the value of a legacy is by claiming back the tax paid on income received during the course of an administration. Although the sums involved may seem modest when compared to the overall value of the legacy received, when added up it can amount to a considerable sum which can then be used toward your charitable objectives. So, what are the principles, and how is it done?

Communicating with executors

Ashley Rowthorn Good Practice in Legacy Management

Communicating with Executors of estates where a charity is fortunate enough to be left a gift in a will should be straightforward. Yet in reality there are pitfalls and the legacy officer must proceed with utmost care, sensitivity, tact and respect. Some 500 charities in the UK regularly receive gifts in Wills, and amongst these there is a growing body …

The roles of a Legacy Officer

Ashley Rowthorn Good Practice in Legacy Management

It may seem that a legacy officer’s role is just to attend to day-to-day legacy management matters but, in reality, the role can potentially cover many key areas which require a wide-ranging set of skills and experience, and so bring additional value to the role. So, what are they, and why are they important?

Can a charity act as an executor to a will?

Ashley Rowthorn Good Practice in Legacy Management

On occasion, your charity may be asked to become the executor of a Will, either by someone who is making their Will, or in respect of a person who has died leaving a Will but their named executor is unable or unwilling to act. Should you agree to do this and what are the risks and benefits?

Three areas your charity needs to put in place when managing legacy income

Ashley Rowthorn Good Practice in Legacy Management

How Trustees manage legacy income is a key pillar of efficient charities. With increasing regulation and recent criticisms of the sector, putting accountability at the heart of every organisation (large or small) is essential for long term self-preservation and potential damage limitation. Legacy administration itself is a particularly delicate area, and should be considered by all charities as a priority in …