Caroline Flack – no Will in place

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The TV presenter Caroline Flack’s fortune is to go to charity as the star did not leave a Will when she died, an article in the Mirror has revealed.

Caroline’s mother Christine said her daughter’s estate would go to the causes she was most passionate about. The Mirror estimates that the Love Island host’s estate was worth some £2 million when she took her own life back in February. But after inheritance tax and the debts were taken into account, the money left amounts to about £827,000.

The Sun newspaper reported that friends of the TV personality said that charities close to Caroline’s heart will be the main beneficiaries of her estate, part of which will also go to her parents as per the rules of intestacy. Caroline’s mother is the legally appointed administrator of the estate.

Love Island host

Caroline was found dead at her home in Stoke Newington, North London, on February 15. She rose to fame through presenting many prime-time TV shows, such as Love Island, and winning Strictly Come Dancing in 2014. She was also a host of The X Factor and the I’m A Celebrity spin-off show.

The news about Caroline’s estate comes at the same time as research that shows almost half of UK charities expect to run out of reserves next year.

Third Sector News reported on the findings from a YouGov survey commissioned by the insurers Ecclesiastical that found 12 percent of the 250 charities questioned expected to run out of reserves in the next three months, while 17 percent estimated their reserves would be gone within the next six months and 20 percent at some point in 2021.

Little money in reserve

The research, which was conducted in July and August, found that 55 per cent of charities said they were concerned about a loss of funding. Other research into the accounts of about 12,700 charities in England and Wales found that one in five had less than one month’s spending in reserve.

The loss of funding has been blamed on the lack of fundraising activities, a reduction in giving by corporate partners and the general public, and in increase in demand for certain charity services.

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