Institute Of Legacy Management’s Post

If you want to support causes important to you and your family, consider a charitable trust. One can be created during your lifetime or in a will, known as a testamentary trust. Learn more about their benefits: https://hubs.ly/Q02VzGJy0 #charitablegiving #trust #testamentary

In our latest article Rachel Davison, Freya Marks and Nicola Allison break down charitable giving for US-UK individuals and the various factors they need to consider: https://bit.ly/49nBsIW   #CharitableGiving #TaxLaw #PrivateWealth

Stay head with our latest edition of our #NotforProfit eNews. Discover how the ECCTA and Charities Act 2022 are reshaping charity regulations. From fraud prevention to financial flexibility, we’ve got you covered. This edition summarises the Charity Commission’s latest report, covering income, expenditure, government grants and volunteer numbers. Stay informed and up to date. https://lnkd.in/eyuGtcty #CharityUpdates #CharitySector

Are charity trustees frivolous or personally squeamish in refusing donations? What if the donation is from one charity to another? How could, or should, trustees respond? In our latest Charity Chats, Catherine Rustomji, partner and head of our charities team, joins Charles Mesquita from Quilter Cheviot and James Saunders from Moore Kingston Smith to discuss the competing interests that may be involved when trustees attempt to navigate reputational risk and the best interests of beneficiaries. Watch the webinar below and test yourself with our quiz afterwards! https://ow.ly/ThWB50QnkCf #CharityChats | #CharityLaw | #CharityTrutees | #Charity | #Legal | #LawFirm

Running a charitable organization comes with its unique set of challenges, not least of which is ensuring compliance with legal and regulatory requirements. Navigating these complexities is crucial for maintaining the trust of donors, beneficiaries, and regulatory bodies. Here’s a look at best practices for ensuring compliance along with common pitfalls that charitable organizations should avoid >> https://lnkd.in/ga3_6_Py #DonationMatch #Nonprofit #Compliance #NonprofitTips #NonprofitCompliance

Continuing our series, Charitable Remainder Trusts (CRTs)! 📚 Another estate planning strategy for those who prioritize tax efficiency is CRTs. Unlike last week’s topic, CRTs provide income to you or your beneficiaries first, with the remainder going to charity. https://bit.ly/4gPdoTo #CharitableGiving #TaxPlanning #Beneficiary #Charity #RisingDividends

Ensuring your organization stays compliant with charitable registration laws isn’t just a formality; it’s a crucial part of maintaining your nonprofit’s good standing and reputation. Here’s how being proactive about compliance can help your organization stay ahead and avoid costly mistakes – saving your nonprofit time and money >> https://lnkd.in/g3M3DgAC #DonationMatch #Nonprofit #Compliance #NonprofitTips #NonprofitCompliance

A report by Legacy Futures shows that overs 30 years, legacy incomes for charities have quadrupled in value. 93% of legacy income comes from residual or 'other' bequests. Perane & Co specialises in recovering residual legacies from historic bequests that have been missed by the executors. Visit www.perane.co.uk #charity #executors #legal #legacyforesight #todayswillsandprobates

💡 Children whose parents talk to them about charitable giving are 20% more likely to give to charity than children whose parents do not discuss giving as a family. Getting started can be easy – no matter how old your children are – with these simple tips!

There are many ways you can support small charities: at the moment there is a real shortage of Independent Examiners. If you have accountancy or governance skills consider attending our webinar on Setting up as an Independent Examiner: 23rd October at 12:30, with Rachel Cooper.