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  • Important information about Coronavirus Covid-19 measures

    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.

    Your legacy good for each other
    Include a charity in your will