More recently it has become ever more common for people to leave money to charities. Anyone can do this, it is not just those people that do not have close relatives or do not wish to leave their estate to anyone. The first step is to check whether the charity you wish to leave money to is still a registered charity and that you have the correct name and address for so that it is completely clear in your Will which charity you intend to leave your estate to. It would be ideal to obtain the charities registration number which will clearly state all the charities details so that no confusion is made.
If you are intending to leave your whole estate or a substantial part of it, then it is advisable to check with the charity first before you draft a Will. The charity may then be able to suggest a suitable clause to insert in your Will which would make it easier to distinguish exactly what will need to be done with that part of the estate.
A benefit to leaving money to a registered charity is that the gift will be free of inheritance tax that is assuming that your estate exceeds the inheritance tax nil rate band. This will completely depend on how the estate is divided between a normal beneficiary and the charity in question, as this can increase or decrease the amount received by the charity. If the individual beneficiary named in your Will is entitled to a legacy (a gift of money) and it bears its own tax, and the charity is intended to get the residue of the estate, then the residue can be greater than if the charity was intended to receive the legacy and the individual was intended to get the residue of the estate because of inheritance tax.
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