Services for Individuals
Charitable and Lifetime Giving
For an increasing number of high net-worth individuals, giving during one’s lifetime is becoming just as important as making one-off legacies.
The reasons for this are complex, but recent research by Philanthropy UK shows that:
- More wealthy people are giving
- More people are giving during their lifetime
- Donors are increasingly concerned about how effectively and efficiently their money will be spent
- Feelings of financial insecurity are less of a barrier to giving
- More individuals are seeking professional philanthropy advisory services.
Increasingly, we are finding clients are turning to us for advice on the legal aspects of giving.
An individual may wish to make lifetime gifts as part of an inheritance tax planning strategy, or to benefit their children, grandchildren or other relatives for example through the payment of school or university fees.
One of the best ways of giving is to establish a charitable trust.
A charitable trust is a legal vehicle that can be established by anyone who wants to set aside some of their assets or income for good causes. Charitable trusts are not just for the "mega rich", but can be established by anyone with a moderate amount of wealth which they want to put to good use. Often they are established following the payment of a bonus, inheritance or the sale of an asset, such as a house or business.
