Creating a will
Creating a will is a way to show your loved ones that you are thinking of them, even when you are no longer here. Many people mistakenly believe that you only need a will if you have a large fortune or do not have heirs. In fact, that is not the case. The inheritance laws allow for the fact, that in your will you can bequeath a charity without it affecting any other heirs, for example, by having OvaCure pay these heirs’ inheritance taxes. Without a will where some of the inheritance is awarded to a charity, the inheritance tax can amount to between 15 and 25 percent.
Another option is the so-called 30% solution. By bequeathing 30% of the estate to OvaCure on the condition that OvaCure pays estate and additional estate taxes for the other heirs, the heirs may actually end up receiving a little more than what they would otherwise have received. Charities do not have to pay estate or property taxes themselves, and the solution results therefore in both an amount for the heirs and OvaCure.
You can read more about the option here.
When you choose to bequeath a portion of your inheritance to a charitable cause, it often reflects a deep-seated desire to do something extra for the world. This can be an act of great significance to other people. By naming OvaCure in your will, you are helping to give women and future generations a brighter future. As a charity, OvaCure is, as mentioned, exempt from paying property tax to the state, and this means that any amount bequeathed to OvaCure goes in full to initiate new research and thus generate new knowledge in ovarian cancer.
We dream of a future without ovarian cancer and with your help, we can initiate even more research so we can get there faster!
If you want to know more about inheritance and wills, contact us at firstname.lastname@example.org and we will help you get started.
You can also read more about the rules of inheritance and wills here.