When drawing up a will, you decide what happens to your estate. One of the first things you think about is to whom and what you want to leave behind. Not exactly easy decisions to make, you want to make a good choice. By including Joy For Children in your will, you invest in the future of children in India. You can help our foundation by appointing us as heir (inheritance) or by including a legacy in your will.

What is a legacy?

A legacy is a provision in your will that states that you leave a fixed amount of money or a specific asset (for example a house) to a person or organization of your choice. For example, you can appoint family as heirs and also leave a certain amount as a legacy to Joy For Children. If you want to appoint Joy For Children as legatee in your will, the help of a notary is necessary. Making changes to your will is always possible. You must also go to the notary for this.

What is an inheritance?

An inheritance is a fixed portion (percentage) of your estate that is allocated to the heirs by means of your will. If you appoint Joy For Children as (co-)heir in your will, this means that we are eligible for (part of) the inheritance. Your estate will be divided among the heirs according to the provisions in the will. If all rights of others (legacies, estate costs and other debts) have been deducted from the total estate, the heirs will receive their inheritance.

Special tax arrangement

Inheritances must be taxed above a legally determined exempt amount. This can amount to up to 68% of the value of your estate. However, no tax is charged for a government-recognized charity such as Joy For Children. You can therefore be sure that the entire sum of money you leave behind will actually end up with Joy For Children.

Making a will

Drawing up a will is easier than you think. An introductory meeting of half an hour with the notary is free. The costs of drawing up a will depend on your wishes: the more complex the will, the more expensive it is. You must bring a valid ID to confirm your identity. If you have not drawn up a will, your children will inherit. If you have no children, your family members will inherit. If you have no heirs, everything that remains goes to the State.

The notary

Before you decide to draw up an inheritance or a legacy, you probably want to think about it carefully. Your notary can advise you on the various possibilities. For general questions about legacies, you can contact the Notary Telephone (0900 – 346 93 93, every working day from 9:00 to 14:00) or on the internet: www.notaris.nl.