According to recent data, 2022 saw a record amount of bequests to charities. Of the 231,582 wills that Smee & Ford handled, 36,992, or nearly 16%, contained a gift to a charity.
The overall amount of charitable estates was higher than Smee & Ford's forecast of £20 billion from September, coming in at £21.3 billion, the highest amount ever. The total number of individual bequests within charitable estates awarded probate in 2022—123,298 in England and Wales—was also the highest amount ever recorded.
Over half of all legacy revenue in 2022 came from high-value bequests worth over £100k, with 31% of bequests valued at over half a million pounds and another 22% coming from bequests valued between £100-£250k.
“It is encouraging to see that 2022 was another strong year for legacy income and that the number of…