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It is not easy to deal with the finiteness of one's own life. Inheritance and probate tend to be unpopular topics. But making a will is a great way to ensure that what you've created in life lasts beyond death. If you want to use your estate for a charitable purpose and do some good with it, a will ensures that your will is carried out.
As a non-profit organization, we are exempt from inheritance tax because your estate will benefit a humanitarian cause.
Nothing of your assets will be lost, but will be used entirely for the purpose you intended. The prerequisite, however, is that you put your wishes in writing in a will. If you do not write a will, your estate will go to your legal heirs or - if you have no descendants - to the state in accordance with the statutory regulations.
It is important to distinguish between inheritance and bequest: You can appoint one or more charitable organizations as heirs to whom your estate assets are to go later. However, you can also stipulate that only one item from your estate or a certain sum of money is to be awarded. This is called a bequest, which represents a claim of the designated organization against the heir (e.g. partner or child). If you have any questions, please contact us.