By Oliver Farrimond
SCOTTISH charities are missing out on vital donations from wills, with recession-hit families preferring to secure more money for their loved ones.
Slashed interest rates and plunging property prices have left Scots rushing to ensure that their families don’t miss out on vital legacies in favour of charitable donations.
Edinburgh-based law firm Gibson Kerr have estimated that the total value of charitable donations left in wills has HALVED over the last eighteen months.
Fiona Rasmusen, partner at Gibson Kerr, said: “We all know the credit crunch has had a huge effect on many people in Scotland and the rest of the UK.
“Many people have investments in savings accounts, shares and property, but these have been badly hit by the economic downturn.
“One significant development of this has seen people opt to change the details of their wills to reflect these difficult decisions.
“With savings and investments worth far less than they used to be, people are deciding to leave more money to their families and loved ones – and less to external organisations. ” Continue reading →
Friday, November 13, 2009
Categories: 1, Scottish News . Tags: charity, Colin Flinn, Deadline, Deadline News, Deadline Press, Deadline Press & Picture Agency, Deadline Scotland, Donations, edinburgh, Edinburgh News, Gibson and Kerr, Gibson Kerr, Legacy, media, Michaelle Grubb, Photos, pictures, Recession, scotland, scots, scottish media, scottish news, Scottish SPCA, Veterans Scotland, video, Wills . Author: shaunmilne . Comments: 1 Comment