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  • New Annual Report – Edition 2023!

    A legacy in a duo, a legacy for DUO

    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.

    A donation in our favor

    Your executor may have advised you to opt for a donation. Two types of donation are in fact possible:

    • Direct donation: no tax is due for this type of donation. This is the direct and informal transmission of a good, given by the donor to its beneficiary, in this case, DUO for a JOB. This type of donation is possible for cash, jewellery, furniture, etc.
    • Donation by notarial deed: property donation can only be done by notarial deed.

    Would you like to talk to us about it? Do not hesitate to contact us.