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One in four say they will leave a legacy

One in four say they will leave a legacy
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One in four say they will leave a legacy 1

Fundraising | Celina Ribeiro | 7 Jan 2010

Nearly one in four British adults say that they plan to leave a legacy in their will, with the young and single particularly inclined towards making a bequest.

More than a third of single people and 40 per cent of 18 to 24-year-olds told Standard Life researchers that they planned to leave money to charity in their wills. The annual Wills & Trusts Research report found, meanwhile, only around 20 per cent of people in couples or those widowed or separated planned to do the same.

Volunteers also proved to be very strong legacy prospects, according to the survey of more than 1,000 members of the public. Thirty-five per cent of people who said they volunteered said they were likely to leave a legacy, compared to the 20 per cent of non-volunteers.

A fifth of the public said they regularly donated their time to charity for free.

Stephen George, chair of Remember a Charity and development director for legacies at NSPCC, welcomed the report. “This is fantastic news and shows that more and more people are considering leaving a gift in their will as a way of continuing to help charity,” he said. 

Michael Walker-Smith
Business Development manager
Royal Hospital Chelsea
8 Jan 2010

While I agree that these percentages of people plan, intend to, would like to leave a legacy to charity are encouraging it would have been more useful to compare this with similar surveys in the past.

Even more relevant is the result ( ie those turning intentions into reality). I gather that the number of people actually leaving legacies in their probated wills is much lower (I believe about 7%).
There is a great issue in getting people to write wills in the first place and then to encourage them to act on their intention and include a charitable legacy. This is a task for all of us in the charitable field.

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