Pass on your wealth
Offering the school as a legacy
Legacies, gifts and life insurance for education
By passing on all or part of your estate to Action Education, you can change the future of thousands of children deprived of education and help build a better world.
To pass on the school as a legacy, There are 3 possibilities :
MAKE A BEQUEST...
MAKING A BEQUEST
A bequest allows you to leave all or part of your estate to Action Education in your will, without dispossessing yourself of your property until the day you die. By this gesture of infinite generosity, you offer a future to thousands of children.
MAKE A DONATION...
MAKE A DONATION
A donation is a notarial act by which you pass on an asset, immediately and irrevocably, to provide access to education for a large number of children during your lifetime.
PASSING ON A LIFE INSURANCE POLICY...
TRANSFERRING A LIFE INSURANCE POLICY
By choosing to designate Action Education as one of the beneficiaries of your life insurance policy, you are giving meaning to your savings by making a lasting contribution to improving access to education for many children.
Passing on your assets: our answers to your frequently asked questions
How to make a legacy to Action Education?
You must draw up a will that specifies your wishes. You can bequeath all or part* of your property (furniture, buildings, works of art, jewellery, vehicles, shares and cash, etc.) to Action Education.
Our status as a public utility association allows us to receive them without paying inheritance tax. For more information, see our section Wealth transfer.
You can contact Audrey Grosjean by mail: [email protected] or on 01.55.25.40.92
*By respecting the rule of the available share: half of your property is obligatorily for your child if you have any.
I did not understand the difference between a legacy and a donation
A bequest is a legal act by which property is passed on after death.
A donation allows you to pass on an asset during your lifetime. It is irreversible and must be the subject of a notarial deed in certain cases.
For more information, see our " The donation "or contact Audrey Grosjean at [email protected] or on 01.55.25.40.92
Can I request that my donation or legacy money be used for a specific purpose?
The money collected by Action Education is generally pooled and used to finance, as needed, all the projects set up by the association in favour of education.
If you have specific wishes, please contact Audrey Grosjean by e-mail, to the address : [email protected] or by telephone, at 01.55.25.40.92.
Is the intervention of a notary necessary for a gift, donation and legacy?
While the intervention of a notary is not mandatory for donations, it is for gifts.
In the case of a bequest, the consultation of a notary is not compulsory but is strongly recommended.
If you have any questions, please do not hesitate to contact Audrey Grosjean by e-mail, to the address : [email protected] or by telephone, at 01.55.25.40.92.
Can I leave my entire estate to Action Education?
You can bequeath all or part of your assets (furniture, buildings, works of art, jewellery, vehicles, shares and cash, etc.) to Action Education.
However, it is compulsory to respect the rule of the available share in order not to harm your heirs (half of your property is compulsorily for your child if you have one).
How to draw up a will?
There are 3 forms of wills:
- Holographic wills This is the most common. It is written entirely in your handwriting, dated and signed.
- The authentic will It is drawn up by the notary according to your instructions and in the presence of two witnesses or two notaries.
- The mystical will This is the least used. It is given to the notary, closed and sealed, in the presence of 2 witnesses.
Good to know: if you make a holographic will, in order to ensure that it is not lost or falsified, it is advisable to file this will with a notary who will register it in the Central Last Will and Testament Register (the notary fees are regulated and the cost of registration is 27.30€ excluding VAT in 2014).
What is life insurance?
Life insurance allows you to build up capital through regular or exceptional payments, which can be passed on to the natural or legal person of your choice in the event of your death or during your lifetime.
It is the subject of a contract taken out with insurance companies. The beneficiary or beneficiaries can be changed during the life of the contract.
What are the different types of donations?
There are 3 types of donations: 1
Full ownership donation The property is transferred in its entirety to the association, which becomes the final owner.
Bare ownership donation with usufruct reserve Action Education: Action Education becomes the permanent owner of the property but you, or someone you designate, uses it or receives the benefits of it, either for a fixed period or until death.
Temporary donation of usufruct You remain the owner but Action Education can use the property (e.g. receive rental income from a flat or dividends from a share).
Important, donations have an impact on your tax situation For individuals, the tax reductions are the same as for donations, whether they are deducted from income tax or wealth tax.
What are the tax benefits of donations?
- For the donation in full ownership : You benefit from a tax deduction of 66% of the amount of your donation within the limit of 20% of your net taxable income. The excess can be carried forward to the next 5 years.
- For the donation of bare ownership with usufruct reserve : You benefit from a tax deduction of 66% of the amount of your donation within the limit of 20% of your net taxable income. The excess can be carried forward to the next 5 years. Please note that the value of the property is included in the usufructuary's assets and may therefore, depending on the amount, be subject to wealth tax (ISF).
- For the temporary donation of usufruct : The property and its income are removed from your tax base. This can have a significant impact on the amount of your wealth tax (ISF) and your income tax.
If you have any questions, please do not hesitate to contact Audrey Grosjean by mail:
or on 01.55.25.40.92
Head of legacy department
01 55 25 40 92
Head of legacy department
01 55 25 40 92