
Insight
Article first published in the Financial Times.
A: Clare Morison, senior associate, Thomson Snell & Passmore, says that if you are planning to give significant amount of money to charity during your lifetime, but do not want to simply give it directly to specific established charities, the best way to structure the gift is to establish a charitable trust.
You can transfer the assets you wish to give to charity to that trust and the trustees will then use the assets in the trust either to make grants to other individuals or organisations carrying our charitable work, or they can become involved in doing charitable work directly.
To read the full article please visit: The Financial Times.