What is the joint will?

The joint will consists of including one or more NGOs in your will to leave them as an inheritance a part of your assets, money or investments, or to bequeath them specific material goods (cars, jewelry, works of art, etc.). This will does not have to harm your legitimate heirs or the part of the inheritance that corresponds to them by law. In fact, those who are in favor of solidarity inheritances and legacies, such as the organizations that make up LegadoSolidario.org (@solidarityleg), argue that “it can be a very beneficial way to collaborate, while ordering goods and can contribute to making a difference to improve the lives of future generations and the planet.”

In addition, non-profit entities recognized as of public utility are not subject to Inheritance and Donations Tax, which is a direct tax that the person receiving an inheritance or donation in life has to pay, so your solidarity donation will arrive in full to the projects to which the organization of your choice is dedicated

What is the joint will?  two

This form of collaboration has been common in other neighboring countries for decades and accounts for a good part of the income of many NGOs in other European markets. However, in Spain it is not so common, as recalled from LegadoSolidario.org, made up of 25 non-profit organizations. In our country, only 3% of those who make a will do so in favor of an NGO.

According to the Spanish committee of the UN Refugee Agency (@eUNHCR UNHCR) when drafting a solidarity will it is not only necessary to make explicit the intention to make the bequest to an NGO, it is also necessary to take into account these recommendations:

  • Anyone over 14 years of age can use their will as a solidarity tool, including one or more NGOs of your choice, without affecting in any case the part that corresponds to the legitimate heirs, if any.
  • If you want to make a solidarity will you must contact the organizations in advance or those responsible for the projects you want to support and request all the information on the conditions under which the donation will be made once you die.
  • It is advisable to go to a notary both to solve the most frequent doubts of the process and to prepare the document. The organization or those responsible for the project must be informed that a solidarity will has been made, although the person may decide whether or not to reveal the figure and characteristics of the donation.