{"id":3885,"date":"2020-04-15T14:50:37","date_gmt":"2020-04-15T12:50:37","guid":{"rendered":"https:\/\/dev.wapainternational.org\/je-fais-un-legs\/"},"modified":"2020-09-24T15:29:28","modified_gmt":"2020-09-24T13:29:28","slug":"even-if-you-are-no-more","status":"publish","type":"page","link":"https:\/\/dev.wapainternational.org\/en\/even-if-you-are-no-more\/","title":{"rendered":"MAKE A LEGACY"},"content":{"rendered":"

What does it cost to make a will?<\/h2><\/h1><\/div>
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The inheritance tax differs per Region and depends on the family relationship with the beneficiary. In Wallonia, giving a legacy to your godchild or your best friend can be quite expensive, tax rates can go up to 80%.
\nNon-profit organizations can, however, benefit from a favorable rate. A non-profit organization has a tax rate of 7% in Wallonia, 12.5% or 25% in Brussels and 8.5% in Flanders.
\nThanks to these favorable rates, it is possible to kill two birds with one stone with one legacy (optimization of the tax rate and supporting a good cause).<\/p>\n<\/div>

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Let us explain it:<\/h3><\/h1><\/div>
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Under certain conditions, the duo legacy makes it possible to support a good cause and reduce the tax burden of your heirs. This applies especially (but not exclusively) to the situation where they do not benefit from the rates that apply to a direct family relationship.
\nWith a duo legacy you make two legacies. You transfer part of your inheritance to an association that you designate as a general heir, which makes them responsible for the inheritance tax. Subsequently, the association must donate part of the money to the other legatees and heirs.<\/p>\n<\/div>

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An exemple<\/h3><\/h1><\/div>
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Helena is 75, lives in Brussels, and has no close relatives, but wants to leave a legacy of \u20ac 60,000 to her good friend Isabelle whom she does not live together with.<\/p>\n

A. Without duo legacy<\/p>\n

Since she is not related to Helene, Isabelle has to pay \u20ac 25,500 in inheritance tax on the \u20ac 60,000 inheritance:<\/p>\n