bibic focuses on the value of digital legacy

Mark Flower, Corporate and Community Fundraiser, bibic

According to Mark Flower, Corporate and Community Fundraising Officer with national children’s charity bibic, charities have been relying on legacies since the word ‘charity’ was first thought of.  Up until now however, they have never been the beneficiaries of a digital legacy before.

The partnership which bibic and Planned Departure have recently struck up makes bibic the first UK national charity to benefit from digital legacies, a venture which is bound to attract many interested parties and no doubt boost the number of supporters the charity relies on.

bibic is a national UK charity that offers practical help to families caring for children with developmental difficulties that adversely affect their learning, communication and social skills. Some of the more common conditions bibic provides support for are Autism, Down’s syndrome, Aspergers, ADHD and Dyslexia. Since its inception in 1972 it has developed a solid team of therapists who assist hundreds of families every year.

Planned Departure approached the charity late last year as they felt digital legacies could indeed be a viable way forward for bibic to gain funding. As Anand Ramdeo points out ‘ with the value of individuals’ digital assets in the UK estimated to be more than £25 billion, bequeathing some or all of these assets to a charity makes perfect sense.’

You can learn more about this offering here.

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Supporting a charity in your Will

Leaving a legacy through your will

Making a Will is one of the most important decisions you will ever make. Ensuring your family is provided for after you’re gone should be a priority for most of us.

But after taking care of family and friends, have you considered supporting your favourite

charity in your Will?

It’s a common myth that only the rich and famous leave money to charity when they die. This couldn’t be further from the truth. The reality is that without gifts left in Wills by people like you, many of the charities we know and support wouldn’t even exist.

While 74% of the UK population support charities, only 7% currently leave a legacy to them when making a Will.

Gifts in Wills are incredibly important to UK charities. Without this income they would have to cut services and many would simply not exist. Did you know that two out of three guide dogs and six out of ten lifeboat launches are paid for by gifts in Wills, as is over a third of Cancer Research UK’s life-saving work.

Gifts in Wills are the equivalent of almost 19 Comic Reliefs appeals each year, so if you choose to leave some money in your Will to a charity as well as your family, you could be making a huge difference to your favourite cause.

Reasons for leaving a legacy are varied. Many support a chosen charity by fundraising or donating during their lifetime, and wish to continue giving after they’ve gone. Some have a family member who has benefitted from the work of a particular charity, and others are simply inspired by a cause which shares their lifelong goals and values. Whatever the reason; by leaving money in your Will you are making a lasting contribution.

Diana Alcaraz, supporter and ambassador of the RNLI, was inspired to leave a gift in her Will to the charity because of their support for her late husband Paul:

“When I told the RNLI I had left them a gift they were immensely grateful. It has brought me closer to the charity and I have formed a strong, ongoing relationship with them.

I decided to leave a charitable legacy a long time ago and completed the process once I was sure the children had secure futures. When I told my children of my decision they happily accepted and supported my wishes and reasons. The process of leaving a charitable gift was also very easy. I simply added it when I made a new will”.

A donation can be as large or small as you like. However much you choose to leave, your gift will always have an impact. Leaving a gift in your Will is also a tax-efficient way to give.

It’s a little known fact that there is no inheritance tax payable on gifts to charities in Wills – this means you can rest assured that the whole gift will go towards the charity close to your heart.

If the 7% of the population leaving a legacy were to increase by 4%, we would generate an additional £1 billion for good causes in the UK every year – making a considerable difference that you could play a part in.

Find out more about how to leave a gift in your Will at Remember A Charity’s website.

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Property Trust Will – What can happen to your property?


We kick start 2015 looking into another type of Will – the Property Trust Will.

This type of Will is designed to protect a property’s value for future generations. It ensures the property is not reduced in value by care fees and can significantly reduce potential liabilities allowing you to keep greater control on how your property is dealt with upon your death.

As with the Joint, Mutual and Mirror Wills, the Property Trust Will is mainly drawn by couples to ensure that their family homes are not sold off.

Most couples own their property as joint tenants. This means that when one of them passes away the property is passed on to their partner. If their partner goes into care, the whole of the property may be sold to pay for care fees.

This Will can sometimes be left in a ‘Discretion Trust’, in which the trustees are the legal owners of all the assets listed.

A Discretionary Trust, also often referred to as a family trust, is a legal arrangement which allows the owner of a life policy to give their policy to a trusted group of people called the trustees.  In effect this involves the settlor, the beneficiaries and the trustees.

The settlor is the person creating the trust. The beneficiaries, those that will be receiving the payment and the trustees, those that have legal ownership of the trust from the settlor.

The one who creates this policy also has a list of beneficiaries whom the assets listed are passed on to. The main benefits of a Discretion Trust is that it shows who you want the proceeds to be paid to. This is because the trust can control when the money from the life policy will be paid out.

Money paid out from the life policy is not part of the estate which helps reduce inheritance tax.

In our next blog we will focus on Living Wills and Living Trusts. Please do not hesitate to contact us if you would like more in-depth information relating to Wills.

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Types of Wills … Let’s Break it down


Over the next few blogs we will endeavour to shed some light on the different types of Will options available in a bid to help you decide which works best for you.
A good place to start is with couples Wills, of which there are three different types, all quite similar to each other. Joint Wills, Mutual Wills and Mirror Wills

A Joint Will is a single document that two people or more agree to draw up which generally relates to sharing their property in a particular way.

This kind of Will is particularly common amongst married couples.
These Wills are normally identical or very similar and give common benefits. They tend to dictate that the surviving spouse should inherit all their property if they die first and vice versa. After the death of the second spouse, the property is shared as specified in the document. The law treats a Joint Will as being two or more separate Wills.

Mutual Wills on the other hand occur where two or more testators make separate Wills or make a joint Will and in doing so agree to confer on each other reciprocal benefits or agree to confer benefits on the same beneficiaries.

These kind of Wills have four basic requirements and a strict standard for enforceability:

1.      The agreement must be made in a particular form.
2.      The agreement must be contractual in effect.
3.      The agreement must be intended to be irrevocable.
4.      The surviving party must have intended the will to reflect the agreement.

A Mutual Will creates a binding agreement between the two parties which prevents the survivor from changing their Will and disposing of the estate in a different way. Mutual Wills are preferred by couples in a second marriage with children from a previous relationship or marriage.

Mirror Wills are exactly that, they “mirror” each other. The terms generally are similar and complementary. This is a legal document that allows a couple (married, civil partners or unmarried) to write down their wishes for when they pass away.

In all three cases these types of Wills are convenient and cost effective and they ensure that spouses are well taken care of if one dies and that the estate is passed to his children at death.


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To Will or not to Will?

(DIY)Do-it-yourself may work in various aspects of our lives like plastering your living room or cleaning the dust out of your laptop.
Here are some interesting figures about Wills, DIY wills and the general attitude from the public towards them.

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Children and the internet – What you didn’t know

The internet plays a major role in our lives on a day to day basis and that of our children without us realizing how long they spend online each day.

Whilst this might in itself not be a bad thing, the jury is still out on weighing the pros and cons. Key really is for parents to take responsibility of their children in terms of how they engage online.

Here are some facts and figures to show the visual seriousness of this online addiction.

internet and children

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