2020’s probate delays & high death rate expected to bring spike in bequests next year

first_img2020’s probate delays & high death rate expected to bring spike in bequests next year Tagged with: legacies Research / statistics A combination of 2020’s high death rate and delays to probate could result in a spike in charitable bequests next year, according to Legacy Foresight’s Legacy Market Outlook 2020-2025 report. This year, deaths in the UK are potentially at their highest for 100 years, possibly reaching between 687,000 and 695,000. In addition, ongoing administrative delays at probate are impacting bequests received by charities.Members of the Legacy Monitor benchmarking consortium received around 20% fewer bequests than expected between January and September 2020. Cash legacy income was also 8% lower for May-September compared to 2019, while across the sector as a whole this is expected to be 11% lower by the end of 2020 compared to 2019’s figures.However, as income also starts to flow from the expected increases in bequest volumes next year, charitable bequests across the sector in 2021 could be 37% and 50% higher than in 2020, and cash legacy income is also expected to recover. As a result, legacy incomes are predicted to increase by around 22% in 2021.Although volume of bequests is expected to rise, Legacy Foresight’s analysis suggests that average residual bequest values will fall through 2021 and 2022, largely due to the impact of the economic downturn on house prices. According to Legacy Foresight, the five-year outlook remains positive. It predicts:Legacy incomes will grow beyond their pre-crisis levels, reaching between £3.6bn and £4bn by 2025, an increase of 6%-16% from levels of income seen in 2019, with a central forecast of around 11% growthAround 10% more charitable bequests over the five years 2020-2025 compared to the previous five years 2014-2019Jon Franklin, economist at Legacy Foresight, commented:“The single biggest source of uncertainty for legacy incomes at the moment is not so much the impact of the pandemic but the impact of administrative delays at probate. If the backlog at probate is cleared, then we could see the demands on legacy administration teams peak at record levels next year, and charities need to think about how they can respond to that at relatively short notice. Further ahead, the outlook remains positive, with growth in both income and bequests expected over the coming five years.” Advertisement Melanie May | 8 December 2020 | News Rob Cope, Director of Remember A Charity, added:“If there was ever a year when charities were in need of a record number of charitable bequests, then surely 2021 will be it. This forecast for a boost in legacy growth over the next few years could not be more welcome or more needed. “Legacy growth will largely be driven by the volume of gifts rather than their values over the coming decade, particularly as the number of charities named in Wills continued to grow. This means that legacy fundraising will be more important than ever for charities as they strive to increase their legacy income and strengthen their resilience for the years ahead.”center_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1  137 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.last_img read more

Grass roots spending cut

first_imgLimerick City Council accept proposal for County Limerick dog park on 6 month trial basis Print RELATED ARTICLESMORE FROM AUTHOR Email Advertisement Twitter Linkedin Facebook Drop in Garda numbers prompting bad behaviour Cllr James CollinsCllr James Collinsby Bernie English [email protected] councillors have called into question plans to spend €13,000 on a promotional video for Limerick when just €30,000 has been allocated for grass cutting is estates across the city.Sign up for the weekly Limerick Post newsletter Sign Up A major row erupted in City Hall at a meeting of the Metropolitan council, when proposals for spending the cash which councillors voted to allocate to the General Municipal Allocation for various works were revealed.Members were told that grass cutting for the municipal area, which takes in all of the city and some suburbs, has been capped at €30,000.The members took issue with various aspects of the way in which projects were prioritised in the spending of the allocation for the area, which had been voted on in the large in the context of the local authority budget.And angry James Collins (FF)) called an adjournment to the meeting and demanded to know who had decided how to spend the allocation.center_img Previous articleCycling – Limerick Cycling Club continue an active Spring CampaignNext articleOriginal jazz artist’s swing, rock and blues Bernie Englishhttp://www.limerickpost.ieBernie English has been working as a journalist in national and local media for more than thirty years. She worked as a staff journalist with the Irish Press and Evening Press before moving to Clare. She has worked as a freelance for all of the national newspaper titles and a staff journalist in Limerick, helping to launch the Limerick edition of The Evening Echo. Bernie was involved in the launch of The Clare People where she was responsible for business and industry news. Fianna Fáil are looking for more Limerick TDs ‘Thinking out loud’ why Ed Sheeran didn’t play Limerick NewsGrass roots spending cutBy Bernie English – April 20, 2015 698 TAGSgrass cuttingJames CollinsMetropolitan council Disappearing buses and service unreliable WhatsApp Collins aims for the Dail and joins O’Dea on party ticketlast_img read more

CK Akonnour rallies for support ahead of Dreams’ first home game

first_imgCK Akonnour has called on fans of Dreams FC to rally behind the team as they prepare to make their home debut at their adopted grounds in Dawu.The new entrants began their campaign with an away win against Dwarfs and will be hoping to continue their fine start when they host Bechem.For Akonnour, they are aiming for a win but they can’t do it without the help of the fans“Every coach wants to win his match and it’s not different from what I think,but we have to wait and see how it goes,” he told Asempa Sports“We are pleading for our home support to come and support us.”“When you are able to gain the home support it helps and when it is 11 against 11 it sometimes becomes 12 because of the home supporters.” “We would swallow and smile all the pain in order to win”.This will be the first ever Premier league encounter between Dreams and Bechem United.–Follow Joy Sports on Twitter: @JoySportsGH. Our hashtag is #JoySportslast_img read more

Korea date for England internationals

first_img8 Jun 2018 Korea date for England internationals England internationals Emma Allen and Lianna Bailey fly out this weekend to play against the professionals in next week’s Korea Women’s Open.Korea date for England internationalsEngland internationals Emma Allen and Lianna Bailey fly out this weekend to play against the professionals in next week’s Korea Women’s Open.The championship, at Bear’s Best Cheongna Golf Club in South Korea, takes place from Thursday to Sunday, 14-17 June.The players are taking up England Golf invitations to compete in the event. Women’s Performance Manger Rebecca Hembrough commented: “We are committed at England Golf to keep improving the playing opportunities for women and girls and this is a fantastic addition to the schedule.“It will be an amazing experience to play in a Korean professional major event. To see first-hand how strong the golf is, but also to experience travelling to Asia to compete and enjoy the Korean culture.”Bailey, 21, from Kirby Muxloe Golf Club in Leicestershire, has just won the St Rule Trophy and helped England become European team champions last summer. Emma Allen, 21, from Meon Valley, Hampshire, was runner-up in last year’s English women’s amateur and had a top ten in this year’s South American amateur.Looking ahead to the trip Bailey commented: “It was pretty amazing when I got the phone call! The Koreans are leading women’s golf and it will be nice to see how I stack up against them.”The championship, at Bear’s Best CheongNa Golf Club in South Korea, takes place from Thursday to Sunday, 14-17 June.The players are taking up England Golf invitations to compete in the event. Women’s Performance Manger Rebecca Hembrough commented: “We are committed at England Golf to keep improving the playing opportunities for women and girls and this is a fantastic addition to the schedule.“It will be an amazing experience to play in a Korean professional major event. Not only to see first-hand how strong the golf is, but also to experience travelling to Asia to compete and enjoy the Korean culture.”Bailey, 21, from Kirby Muxloe Golf Club in Leicestershire, has just won the St Rule Trophy and helped England become European team champions last summer. Emma Allen, 21, (pictured) from Meon Valley, Hampshire, was runner-up in last year’s English women’s amateur and had a top ten in this year’s South American amateur.Looking ahead to the trip Bailey commented: “It was pretty amazing when I got the phone call! The Koreans are leading women’s golf and it will be nice to see how I stack up against them.”Image copyright Leaderboard Photography Tags: Emma Allen, Korea, Lianna Bailey, Womens Openlast_img read more

Woods back on top in golf

first_imgRECLAIMS TOP SPOT–Tiger Woods waves to fans as he walks off the 18th hole after winning the Arnold Palmer Invitational golf tournament, March 25, in Orlando, Fla. (AP Photo/John Raoux)  by Doug FergusonORLANDO, Fla. (AP) — The moment was vintage Tiger Woods, and so was his reaction.Seconds after Rickie Fowler made a 40-foot birdie putt on the 12th hole to pull within two shots of the lead, Woods posed over his 25-foot birdie putt until he swept the putter upward in his left hand and marched toward the cup as it dropped for a birdie.Fowler, standing on the edge of the green, turned with a slight smile as if to say, “What else can I do?”Woods won the Arnold Palmer Invitational on Monday and returned to No. 1 in the world for the first time since October 2010, the longest spell of his career. After all that time, after so much turmoil with his personal life and his health, Woods looks as good as ever.Maybe better.“It’s a byproduct of hard work, patience and getting back to winning golf tournaments,” Woods said.He essentially wrapped up his eighth title at Bay Hill with an 8-iron out of a fairway bunker on the par-5 16th that easily cleared the water and landed safely on the green for a two-putt birdie. Woods dangled his tongue out of his mouth as the ball was in the air, another sign of his swagger.Just like his other two wins this year, Woods never let anyone get closer than two shots in the final round. With a conservative bogey he could afford on the final hole, he closed with a 2-under 70 for a two-shot win over Justin Rose.Woods walked off the 18th green waving his putter over his head — truly a magic wand at Bay Hill — to acknowledge the fans who have seen this act before. His eighth win in the Arnold Palmer Invitational tied a PGA Tour record that had not been touched in 48 years.This win had extra significance. He’s back to No. 1.“If I get healthy, I know I can play this game at a high level,” Woods said. “I know I can be where I’m contending in every event, contending in major championships and being consistent day in and day out — if I got healthy. That was the first step in the process. Once I got there, then my game turned.”A year ago, he came to Bay Hill without having won in more than 2½ years. He left this year having won six times in his last 20 starts on the PGA Tour.Next up is the Masters, where Woods will try to end his five-year drought in the majors.“I’m really excited about the rest of this year,” Woods said.Woods fell as low as No. 58 in the world as he coped with the collapse of his marriage, a loss of sponsors and injuries to his left leg. One week after he announced he was dating Olympic ski champion Lindsey Vonn, Woods returned to the top of golf.“Number 1 !!!!!!!!!!!!!” Vonn tweeted moments after his win.Asked if there was any correlation to his winning right after going public with his relationship, Woods smiled and said, “You’re reading way too much into this.”Like so many other victories, this one was never really close.Fowler pulled to within two shots with a 25-foot birdie putt on the 14th hole, but after he and Woods made bogey on the 15th, Fowler went at the flag on the par-5 16th and came up a few yards short and into the water. Fowler put another ball into the water and made triple bogey.“I was swinging it well.  I made a few putts, and trying to put a little pressure on them, let them know I was there,” Fowler said. “Just would like to have that 7-iron back on 16. Just kind of a touch heavy.”Woods played it safe on the 18th, and nearly holed a 75-foot par putt that even drew a big smile from the tournament host.Woods tied the tour record of eight wins in a single tournament. Sam Snead won the Greater Greensboro Open eight times from 1938 to 1965 at two golf courses. Woods tied his record for most wins at a single golf course, having also won eight times at Torrey Pines, including a U.S. Open.“I don’t really see anybody touching it for a long time,” Palmer said while Woods made his way up the 18th fairway. “I had the opportunity to win a tournament five times, and I knew how difficult that was.”Rose, who played the first two rounds with Woods, closed with a 70 to finish alone in second.He pulled to within two shots of Woods with a birdie on the 16th. Woods was in the group behind him in the fairway bunker on the par 5, and hit 8-iron over the water and onto the middle of the green for a two-putt birdie to restore his margin.“He plays every shot like he plays them on Sunday,” Rose said. “His intensity is the same on Thursday often as it is on Sunday, and that makes Sunday a lot less different for him. He plays in that kind of atmosphere far more regularly than a lot of guys do, and it’s an adjustment for most of us. It’s a known for him.”Fowler had to settle for a 73 and a tie for third with Mark Wilson (71), Keegan Bradley (71) and Gonzalo Fernandez-Castano (72).Rory McIlroy had been No. 1 since he won the PGA Championship last August. He can reclaim the No. 1 ranking by winning the Houston Open this week. Woods heads home to south Florida for two weeks before the Masters.Asked the last time he felt this good going to Augusta National, Woods replied, “It’s been a few years.”This was the fourth time in his career that he already had three PGA Tour wins before the Masters — he didn’t win a green jacket in any of the previous years (2000, 2003 and 2008). More telling, perhaps, is that Woods has won back-to-back starts for the first time since the Buick Open and Bridgestone Invitational in August 2009.“I think it shows that my game is consistent,” he said. “It’s at a high level.”Woods finished at 13-under 275 and won for the 77th time on the PGA Tour, moving to within five of Snead’s record.Fowler, his first time playing with Woods in the final group, opened with eight pars when he needed to be making up ground. And when he finally had a few openings on the back nine, Woods refused to let him through.Woods salvaged a two-putt par with a 7-footer on the 11th hole to keep a three-shot lead. On the next hole, Fowler looked to gain some momentum when he made a 40-foot birdie putt only for Woods to match him with that 25-foot birdie.Woods produced some absurd statistics with the putter this week, making 19 of 28 putts from between 7 feet and 20 feet.He walked off the green to share a handshake with Palmer, along with a big smile and some words that Woods said were best kept private. He left the course in that familiar blue blazer that goes to the winner.And he left as the No. 1 player in the world.It’s the 11th time that Woods has gone back to No. 1, tied with Greg Norman since the ranking began in 1986. Still to be determined is how long Woods stays there this time.last_img read more

Towns leads Timberwolves past floundering Mavericks

first_imgJake says relationship with Shaina ‘goes beyond physical attraction’ Kiss-and-tell matinee idol’s conquests: True stories or tall tales? Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Jo Koy: My brain always wants to think funny MOST READ Even Thibodeau had plenty of compliments afterward, though.Coming off a career-low two points Wednesday at New Orleans, when foul trouble against bulwarks DeMarcus Cousins and Anthony Davis limited him to 22 minutes, Towns responded like the Timberwolves needed him to and thought he would. He had seven points and two rebounds during a 13-0 run late in the third quarter that pushed their lead to 25 points.“The situation was more in my favor today,” Towns said. “I was able to go out there and play my game.”Barnes finished with 17 points for the Mavericks, who have the worst record in the NBA and their first 1-10 start since the 1993-94 season when they staggered out of the gate at 1-23 and finished 13-69.“They’ve got a lot of good defenders that they can put on him,” said coach Rick Carlisle, who kept Barnes on the bench in the fourth. “Look, we just didn’t do a good job moving the ball to start the second half, either. So some of that’s on us. Some of it’s on me. I’ve got to get him some better looks.”ADVERTISEMENT With franchise cornerstone Dirk Nowitzki not the same as his younger self, the Mavericks been relying heavily on their bounty of point guards. Rookie Dennis Smith Jr. had 18 points and Devin Harris (15 points) and J.J. Barea (14 points) provided a few sparks off the bench, but there’s just not enough production to be found. The Mavericks entered the game with the third-lowest scoring average in the league.“We have to bear down, collectively, and come with the energy and effort,” Barnes said. “Our starts in the first and the third have been problematic for us all season.”BUTLER DID ITThe Wolves improved to 6-1 with linchpin Jimmy Butler on the floor, having lost both games the tenacious, versatile small forward missed with a virus, and the upside to this one was he finished with a season-low four points. He had five rebounds and seven assists.“When I feel like it’s my time to shoot, I’ll shoot it. But as of right now, my teammates are rolling,” Butler said. “Feed them. Let them get us going.”WORK, BENCHTaj Gibson picked up some slack with 12 points and 10 rebounds, and Jeff Teague had 11 points and 10 assists. The reserves, playing as a five-man unit for long stretches, contributed often, too. Nemanja Bjelica and Tyus Jones each sank a pair of 3-pointers in the second quarter. Jamal Crawford used a shake-and-bake move for a 20-foot pull-up jumper he swished for a 90-62 lead that was the largest of the game for the Wolves.ROUGH ROAD AHEADThe Mavericks might have to wait a while longer for that next win. Their next 10 games include two matchups each with Oklahoma City and San Antonio and one against Cleveland, and all but one of them are against teams that made the playoffs last season. The Timberwolves, who visit Dallas on Nov. 17, are the only outlier.TIP-INS Davis, Cousins lead Pelicans over Bulls in OT Margot Robbie talks about filming ‘Bombshell’s’ disturbing sexual harassment scene It’s too early to present Duterte’s ‘legacy’ – Lacson Coco’s house rules on ‘Probinsyano’ setcenter_img Towns had 31 points and 12 rebounds, Andrew Wiggins added 23 points on 9-for-14 shooting and the Timberwolves used a season-high 33 assists to beat the floundering Dallas Mavericks 112-99 on Saturday (Sunday Manila time) for their first four-game winning streak since Dec. 7-15, 2012.“It’s just one of many,” Towns said, “and hopefully four will seem like a little bit to us. It’ll seem something like we’re having a bad season if we’re only getting four in a row at some point.”FEATURED STORIESSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’SPORTSFederer blasts lack of communication on Australian Open smogHolding Mavericks star Harrison Barnes scoreless in the second half, the Wolves enjoyed a blowout for once after the margin of their previous five victories totaled just 17 points. They played so well they still won by 13 points despite lapsing in a fourth quarter won by the Mavericks 30-19 to make notoriously demanding coach Tom Thibodeau uncomfortable.“Obviously, it’s better than losing,” he said, “but the big thing is for us to concentrate on improving.” OSG plea to revoke ABS-CBN franchise ‘a duplicitous move’ – Lacson Mavericks: Nowitzki had seven points on 3-for-8 shooting in 22 minutes. … Salah Mejri started at center for the first time this season. The 7-foot-2 Tunisian, who had 13 rebounds and five blocks against the Pelicans, went scoreless in nine minutes while picking up three fouls.Timberwolves: Bjelica is second in the NBA in 3-point shooting, behind Oklahoma City’s Raymond Felton. He’s the only player on the team with at least one make from behind the arc in all nine games this season. … The Wolves have attempted more free throws than their opponent in all nine games.Sports Related Videospowered by AdSparcRead Next Don’t miss out on the latest news and information. Minnesota Timberwolves center Karl-Anthony Towns (32) moves past Dallas Mavericks center Nerlens Noel (3). APMINNEAPOLIS — The last time the Minnesota Timberwolves won four games in a row was five years ago, when Karl-Anthony Towns was just a junior in high school.The Wolves are growing up fast, without much of the pains of past few seasons.ADVERTISEMENT View comments Jake says relationship with Shaina ‘goes beyond physical attraction’ Steam emission over Taal’s main crater ‘steady’ for past 24 hours LATEST STORIESlast_img read more