How can you include a charity in your will?
Would you like to include a charity in your will? That's possible! But how exactly does it work?
A summarized step-by-step plan is as follows:
- Choose whether you appoint the charity as (co-)heir or as (co-)legatee. This depends on what you wish to leave behind. To an heir you can leave a percentage of your estate. As an heir, the charity is entitled to the entire estate alone or together with other heirs. This part, usually a percentage, is also called the inheritance. The charity and any co-heirs then inherit all benefits and debts of the estate. To a legatee, you can leave a legacy in the form of an amount of money or goods.
- Record your wishes in writing and in a traceable manner. Your will can be drawn up by a notary or online. Unfortunately, a handwritten document is not sufficient. The notary usually draws up a draft text based on the wishes you describe, it is important that this text properly reflects your vision. You can choose to choose an executor who will ensure that your wishes are respected after your death.
- Sign your will. Don't worry, you can always change your mind and edit the document later. Once you have signed your will, you will receive a copy at home. The notary keeps the original and registers it with the Central Register of Wills in The Hague. This way, the will will always remain findable after your death.
- If you wish, you can let the charity know that it is included in your document. This information is not mandatory but always very welcome and can lead to an enriching exchange of information about what your valuable contribution can be used for.
If you would like more information, you can always contact us at StichtingNepal@gmail.com. We are happy to help you make this important choice.
