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Number of charitable estates declined by 12% in 2019

According to findings from Smee & Ford’s Legacy Trends 2020 report, the number of charitable estates declined by 12% in 2019 with falling death rates and a decline in the number of Grants of Representation the main contributors...

Number of charitable estates declined by 12% in 2019


Value of legacies estimated at over £3 billion for 2019

Despite the drop in numbers, the value of legacies for 2019 is estimated at £3bn - £3.1bn. The value for 2018 was £3.4bn, although this included a one-off bequest to the Capricorn Foundation of over £400m. If we disregard this large bequest, the figure remains almost flat year on year. However, this follows a trend of a continued increase in legacy income over previous decade.

These findings are taken from the Smee & Ford Legacy Trends 2020 Report, which will be published on Tuesday 16th June. Register to receive the report as soon as it comes out.