Charities lose out on money left in wills

When it comes to writing a will many people are failing to leave cash to their favourite good causes, new research has revealed.

Almost three-quarters (71 per cent) of those polled by Standard Life said they would not be recognising charities in their wills and would rather leave assets to friends and families.

In addition, ten per cent revealed that they believe they give enough money to charity during their lifetime, while 27 per cent did not believe they could afford to do so.

"As families face economic uncertainty and tightening purse strings it's easy to see why the public might not consider charities in their wills," commented Julie Hutchison, head of estate planning at Standard Life.

Many people are leaving their digital assets without consideration when they are writing a will, meaning hundreds of thousands of pounds of material could be left unclaimed.

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Published on: April 4, 2011

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