Working Constructively with Charities

It is quite common for charities to be a beneficiary within an estate, either receiving a pecuniary bequest, a specific bequest, as a residuary beneficiary or as a remainderman of a life interest trust. It is also becoming familiar for charities to be appointed as personal representatives.

This session will look at what should be taken into consideration whilst the testator is alive, to prevent any issues which could arise post death.

We will then concentrate on the practical considerations when administering the estate, communication and expectations.

We will also touch on the taxation issues which can arise and cause issues.

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Resources:

Institute of Legacy Management | Visit their website

Working constructively with charities accompanying notes

ILM Residuary Case File Documentation Factsheet for Professional Executors

For more information on the ILM, visit their partner profile by clicking the logo to the side of this video.

Learning objectives:

• Drafting considerations when including charities in a Will.
• Practical considerations when acting for charities in their role as personal representative and beneficiary.
• Tax consequences