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Giving all or part of your estate for a good cause is a generous act. Through such a donation, you can help DUO for a JOB, make our action possible and thus act for ever more intergenerational links, social cohesion and equal opportunities.
You have no direct heir? Opting for a duo legacy may be a solution that benefits your nephews, nieces, or relatives since it allows you to give them a larger share of inheritance because it will be less taxed.
Indeed, the legislator has provided that by designating an association such as DUO for a JOB as legatee of the will, it becomes DUO for a JOB’s responsibility to transfer a portion to any other recipient you designate. DUO for a JOB assumes responsibility for and pays any inheritance taxes due, plus any debts or charges. The other legatees receive a net amount that may exceed the amount that would have been due via a classic legacy.
The greater the difference between rates applied to the legatees by particular title and the non-profit association or Foundation, the more the formula is advantageous financially to nephews, nieces, etc.
We will send in confidence a simulation of taxation which would be effective in your particular case. Please do not hesitate to contact John for more information.