We’re taking a walk around Chichester to raise money for free legal advice services…
On 12th September 2018, our legalmatters and Legal Workflow team – including Lucy Thomas, Martin Langan, Andy Saych, Lindsay Dobson, Sarah Reed, Terry Walsh, Lauren Bain, Mel Bloomfield and Gus (the cockapoo) – will be taking part in a sponsored walk to raise funds for The Citizens Advice services in South and West Sussex and Havant.
Please sponsor us now to help us meet our target amount.
We head off from The Fountain, South Street in Chichester at 5.30pm for a 10k circular walk, which funnily enough ends up back at the pub. No doubt we’ll be doing a bit of nibbling and much munching of chips as we compare blisters and funny stories while we recover our strength and before we wend our way homewards.
Between now and then I have no doubt there will be some training walks – between pubs I expect. These will be led by Gus, our very own Chief Welfare officer, acting trainer and motivator (pictured) who’ll be sharing some doggy pep talks, leading from the front and always nosing about in pockets for treats.
We do take charity giving seriously though at legalmatters, and every year we take part in various fund-raising and partnership activities to raise both awareness of charitable giving and funds through sponsorship.
In October 2017 alone, we helped to raise about £57,900 of future income from legacies for the Guide Dogs.
It’s not all altruistic – you might not be aware that a charitable legacy in your Will can help reduce the amount of Inheritance Tax your estate is liable for. Look at these posts for more information – and do talk to us about your own Will.
See what legacy giving can do for your tax bill – read our post.
And if you like a little light-hearted banter and want to get an idea of what that all means at celebrity level, take a look at our blog here following rumours in the press after Sir Bruce Forsyth’s death:
You can see just some of the reasons why other celebrities are planning charitable legacies in this post.
More about the Chichester Legal Walk: Across South and West Sussex and Havant there are areas of high poverty and need, and many vulnerable people. Access to legal advice helps those people to get out of poverty and distress. The Chichester Walk raises much needed funds for advice agencies who support vulnerable people in our community and help them access justice.
Legalmatters are proud to have joined Cancer Research UK’s Free Will Service.
The Free Will Service helps people aged over 55 to write or update their Will free of charge. It also gives guidance for people considering leaving a legacy gift to Cancer Research UK. The service is now being provided at legalmatters where trained solicitors will be able to offer support to people living in the UK and assist with drafting a Will.
Cancer Research UK receives no government funding for its research and relies heavily on the generosity of people leaving gifts in their Wills. Over a third of its research into the prevention, diagnosis and treatment of cancer is funded through supporters leaving a legacy to the charity.
A legacy gift can be anything someone wishes to leave in their Will. Traditionally this is money, but it could be anything that has a monetary value like an estate or specific item. Anything that is left to Cancer Research UK can be marked to be ring-fenced for research into a specific cancer type or research within a local area.
Lucy Thomas, Legal Services Director at legalmatters, says: “Another bonus to doing this, besides simply helping a good cause, is that legacy giving can also reduce your inheritance tax bill. Take a look at our blog “What can legacy giving do for your tax bill” to find out more, or give us a call on on 01243 216900 for expert advice on amending or drafting your Will.”
Clare Moore, Director of Legacies at Cancer Research UK, explained: “We all reach a stage at some point in our lives where we start to look ahead and consider what will happen to our financial affairs in the future, when we may no longer be around.
“At Cancer Research UK, we work with a number of local solicitors, including legalmatters, to offer the Free Will Service to anyone aged 55 or over, helping individuals to make an all-important first Will or update an existing one.
“One in two people in the UK will be diagnosed with cancer at some point in their lives. The generous gifts left by people in their Wills are so important as they help us continue the work that we do to beat cancer sooner. Without the money we receive from gifts, the progress we make through research would be a far slower.
“We are always so grateful to anyone who leaves a gift in their Will to Cancer Research UK – legacy gifts help us find new ways to prevent, diagnose and treat cancer.”
Cancer survival in the UK has doubled since the early 1970s and Cancer Research UK’s work has been at the heart of that progress. Every step taken by its doctors, nurses and scientists relies on donations from the public and the kindness of supporters who choose to leave a gift in their Will.
The Free Will Service has been running successfully for over 20 years across a network of solicitors in the UK. Anyone who wishes to use the service is asked to consider leaving a legacy gift to Cancer Research UK but under no obligation to do so.
Legalmatters looks forward to offering the Free Will Service to help the people in the UK and working with Cancer Research UK to help beat cancer sooner.
For more information about leaving a legacy gift and Cancer Research UK’s free Will service, visit www.cruk.org/freewillservice or call legalmatters on 01243 261900.
Who are you going to leave money to in your Will? Your spouse or partner is probably first in line, any children or extended members of the family may pop up here and there too.
But what about charity?
Thousands of people every year choose to leave a gift to charity in their Will, whether it’s a fixed amount, a fixed percentage of their estate or even just what’s left after other gifts have been handed out to their surviving loved ones.
It doesn’t have to be a charity that you’ve been particularly involved with during your life either – you can leave money to any registered charity.
There’s another bonus to doing this, besides simply helping a good cause. Legacy giving – where you leave money to a charity – can also reduce your inheritance tax bill.
With inheritance tax, you – or rather your estate – is charged a rate of 40% on every £1 that the estate is valued above the nil rate threshold, which currently stands at £325,000 (though couples essentially enjoy a £650,000 threshold).
However, when you leave money to charity, it won’t count towards the value of the rest of your estate, giving you the opportunity to reduce the value of your estate below that threshold, ensuring no further tax is payable.
Even if your estate is still valued about the threshold, charitable giving can help reduce your tax bill. If you leave 10% of your net estate to charity, then the inheritance tax charged on the remainder of your estate falls from 40% to 36%, a reduction which could see the estate save thousands of pounds in tax.
Many of us regularly give to charitable causes while we’re alive. To do so after your death will not only help support good causes with some of your estate, but for your beneficiaries there are tax benefits that can come with it. Obviously, you should discuss this carefully with your loved ones and your will writer when drafting your Will.
It’s important for you to be clear when drawing up legal documents. Legalmatters can help, we’re always happy to discuss your needs or answer your questions. Call us today on 01243 216900 or email us at email@example.com for further details.
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