Yasmin Hoque
SENIOR PRIVATE WEALTH SOLICITOR, ELITE LAW SOLICITORS
Find out some of the most common myths surrounding charitable giving and what lies behind them.
When people think about charitable giving, they often picture donations made during a lifetime. Yet, some of the most transformational gifts to charities are those left in wills — one of the most inspiring and empowering ways to support a favourite cause. Still, this form of giving is often misunderstood.
Myth 1: charitable gifts in wills are only for the wealthy
Most gifts in wills come from people who aren’t particularly wealthy. They simply want to leave a lasting mark on the world and support good causes beyond their lifetime. It’s not the size of the gift that gives it meaning. Each one tells a story of a person’s beliefs, their connection to a cause and their desire to sustain charitable services for future generations. Local charities regularly tell us how much of a collective difference these gifts make; every contribution matters.
Legacy giving is one of the most meaningful and accessible forms of philanthropy
Myth 2: family misses out
For many, caring for loved ones comes first. There’s no need to choose between family and good causes; even simple wills can benefit multiple beneficiaries. Many people choose to leave a small percentage or residual sum to charity once family and friends have been provided for, and tax benefits can help that gift go even further. Families often find real value in carrying out a loved one’s charitable wishes. It’s a positive, practical way to witness their legacy live on and can even help bring families together through the process of loss and bereavement.
Myth 3: wills can wait until retirement
Writing a will isn’t about age. Having an up-to-date will offers peace of mind that your loved ones will be supported and your wishes carried out, regardless of life stage. From the moment you reach adulthood, a will lets you take legal control of your affairs, shaped by the choices, beliefs and values that matter most to you.
Legacy giving is one of the most meaningful and accessible forms of philanthropy. Far from being reserved for a privileged few, it can help shape a better future for generations to come.
Find out more about leaving a gift in your Will at Remember A Charity.
