I am a trainee solicitor in the Dispute Resolution & Litigation team at Bates Wells.
Understanding and unlocking restricted legacies
Legacies to charities usually fall into one of the categories below: Legacies falling into the second category are ‘restricted legacies’. What does this mean for your charity? Can those restrictions be lifted? And how should legacies in category 3 be treated? What is a restricted legacy? A restricted legacy is subject to binding legal restrictions …