25% of charity leaders cut jobs due to 11-month probate delays, impacting nearly all charities.
A Rathbones study reveals that over 25% of charity leaders have cut jobs due to financial strain from probate delays, affecting nearly all charities (99%). Gifts in wills, which contribute around £4 billion annually, are delayed for over 11 months on average. This has led to 14% of each charity's income being held up, prompting difficult decisions like service reductions, recruitment challenges, and asset sales.
October 20, 2024
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