By including Child-Help in your will, you offer a chance to children with a disability that otherwise would not get a chance at all. For instance, you contribute to the training of medical staff, or you ensure that children with a disability have better access to quality care in developing countries.
After your death your inheritance will go to your family members or others appointed by you in your will.
A part of your inheritance will by law be allocated to heirs (spouse, children, grandchildren, parents). You are free to allocate the remaining part to other beneficiaries. When there are no lawful heirs and there is no will, then your inheritance will go to the State in full.
When you draft a will, you can decide that one or more charities that are close to your heart will be supported after your death. Needless to say, a will can never surpass legislation. It is essential that the rights of a spouse and of children are respected. However, you are free to decide that a part of your assets will be granted to a charitable organisation, for instance Child-Help.
There are two ways to draft a will: the holographic will and the notarial will. It is also good to know that you can at all times change or revoke your will.
We advise you to register your will with a notary or to at least seek council from a notary.
The non-profit organisation Child-Help is entitled to receive legacies and duo legacies.
The duo legacy is a legal construction which enables you to lower inheritance taxes for your next of kin while supporting a charity. Your loved ones will inherit just as much or possibly more.
If you want to include members of your family in your will other than in the first degree or persons with whom you have no family ties, they will have to pay substantial inheritance taxes. As an officially recognised non-profit organisation, Child-Help pays much lower inheritance taxes.
You can donate part of your inheritance to Child-Help on the condition that Child-Help will pay the inheritance taxes of your other beneficiaries. This way your family member(s) or any other person you want to include in your will, will receive the same amount of money - or possibly more - than without a duo legacy, while there will still be something left for Child-Help.
The duo legacy is therefore the ideal solution to support a charity without disadvantaging your other beneficiaries.
We implore you to seek council from a notary.