Thanks for a very interesting and helpful site.
I want to leave smallish legacies to about 30 different people to use up the £325,000 tax free allowance and then give the residue above that to charities.
Can I do this? ; And if so can I leave the legacies in percentages rather than fixed cash amounts? (I don’t know how much will need to come out of the £325,000 for probate and other costs so percentages seem safer)
And then leave the residue above £325,000 to named charities also in percentages?
Everything I read keeps talking about residue to be left in percentages – whereas I am thinking of using percentages for it all. Hope you see what I mean.
Thanks!