Philanthropists & Charities
Charities come in many shapes and sizes and come from a range of different sectors. However, all face common challenges and all need to navigate the complex regulatory regimes, establish good governance and manage funding pressures to deliver their goals.
Charities rely on the generosity of individuals who often wish to make a difference to the world in which we live. And while the motivations for giving may be simple, getting it right can be more complex. Some individuals may wish to set up a charitable trust to benefit a number of charities, whilst others may leave a legacy to a general, grant-giving favourite charity in a will or create a specific charity to fulfil a specific aim. Some clients want to enshrine a culture of philanthropy for the long term, others might just enjoy the feeling of giving back to society, and some may want to control how their wealth is spent after death.
Whatever the need of the charity, philanthropist or individual, the need for specialist advice is paramount. Here at Boodle Hatfield, we are highly experienced in this area and will work with you to deliver practical and sensible advice to ensure you achieve every one of your altruistic ambitions.
The number of high net worth individuals (HNWIs) gifting over £1 million to charities upon their death is increased by…Read more 3 min read 16 Sep 2021 Wider Trust Register – now open
HMRC has advised that the revamped on-line trust registration service (TRS) is now fully operational, so that non-taxable trusts can start to register.Read more 4 min read 16 Sep 2021 LPA Consultation
The Mental Capacity Act 2005 allows people to appoint someone they trust to make decisions on their behalf in the event that they lose capacity to make decisions themselves.Read more 3 min read 16 Sep 2021 Draft Finance Bill 2022
A very light draft Finance Bill was published on 20 July 2021 for consultation. The current parliamentary timetable officially provides that the actual Finance Bill will be published following the Autumn Budget on 27 October 2021 and will then be finalised in March 2022.Read more