Will
Will
It is not pleasant to deal with the subject of death. But if you want to do posterity a good turn with your last will and testament, you should make provisions for this in good time in a will. This is particularly important if all or part of the assets are to be used for a charitable purpose. Otherwise, if you have no relatives to whom the statutory succession applies, the state will inherit in the event of your death.
The Balthasar Children's and Youth Hospice Foundation does not pay inheritance tax on endowments and trusts that are made as part of a testamentary disposition, so 100% of your inheritance will benefit children and families. For further information, please visit the website of the Balthasar Children's and Youth Hospice Foundation.
Information for lawyers
If a person - e.g. as part of a will - would like to be a beneficiary of the Balthasar Children's and Youth Hospice, we would of course be delighted.
There are 2 options for the legally correct designation:
- The Kinder- und Jugendhospizstiftung Balthasar, Maria-Theresia-Str. 42a, 57462 Olpe is a legally independent foundation whose statutory purpose is the financial support of the children's hospice. A bequest increases the foundation's assets in the form of an endowment and the Balthasar children's and youth hospice is permanently supported from the foundation's income. Benefiting the Balthasar Children's and Youth Hospice Foundation therefore means long-term help.
- The Balthasar Children's and Youth Hospice, Maria-Theresia-Str. 30a, 57462 Olpe (run by the GFO - Gemeinnützige Gesellschaft der Franziskanerinnen zu Olpe mbH) can also be a direct beneficiary. In this case, the bequest is used relatively promptly for the work of the organisation, i.e. it represents short-term support.
Both types of support are equally necessary and important for the work with seriously ill children and young people!
- Further information
Supporting the future through bequests
Caring for children, teenagers and young adults with life-shortening illnesses, as well as supporting their families, requires a long-term and reliable financial foundation. By leaving a bequest to a children’s hospice in your will, you make a lasting contribution to funding the specialist care and psychosocial support services at ‘Balthasar’. Such donations ensure that the comprehensive support services for affected families can continue to be provided without restrictions in the future. We rely on support for our work. Around 50 per cent of the total costs must be financed through donations.
Aspects of drafting a will
The decision to include a charitable organisation in your estate requires a clear and legally valid drafting of your last will and testament. By making a bequest in your will in favour of the Balthasar Children’s and Youth Hospice Foundation, you can stipulate during your lifetime that your estate – or a portion thereof – is to be added to the foundation’s assets as an endowment or used to establish a trust foundation. As we are recognised as a charitable organisation, bequests are exempt from inheritance tax. This means that the intended amount, in full and without any tax deductions, secures long-term financial support without which our daily work would not be possible.
Transparency and responsible stewardship
The funds entrusted to us entail a high level of responsibility, of which we are fully aware. When people decide to include the Balthasar Children’s and Youth Hospice Foundation in their will through a children’s hospice bequest, we guarantee the utmost transparency in the use of the funds. Anyone wishing to find out more, without obligation, about the possibilities of a bequest can seek objective and confidential advice at any time. We attach great importance to carrying out the donor’s last wishes respectfully and in the best interests of our guests.