Transfer of assets

1. The leg

What can you pass on to us?

• Real estate: apartments, houses, land, farms, business premises, free or occupied.
• Movable assets: furniture, works of art, jewelry, money, bank deposits, stock or bond portfolios, business rights or copyrights.

While respecting the share of heirs who are left: if you have direct heirs (spouses, ascendants, children, grandchildren), you cannot disinherit them. You can therefore decide to bequeath the "available portion" of your assets to KAGEDEV.

Give your assets meaning

If you have no children or family and no will, all your assets automatically pass to the government. With a will, you can determine what to do with the assets you've accumulated over your lifetime.

What type of bequest can you choose?

• The universal legacy: to bequeath all your assets - without distinguishing between movable and immovable assets.
• The universal bequest: to bequeath part (half, one-third, 20%, 30%, etc.) or only one category of your assets (all your movable property/all your real estate).
• The bequest with special legal title: the transfer of one or more specifically designated assets, regardless of their nature.

2. The donation

A donation allows you to irrevocably pass on assets during your lifetime. It must be the subject of a notarial deed. It is an efficient way to support us today, bringing us important resources that are essential to our actions. Your donation to KAGEDEV is fully exempt from transfer tax. Your donation can concern real estate as well as cash, a portfolio of securities, a work of art... It can therefore be "liberating" for you, both from an inheritance and tax point of view!

The donation in full ownership

You immediately and irrevocably agree to full ownership of your property. The property no longer belongs to you and is no longer part of your estate when the notarized deed is signed.

Gift with reservation of usufruct or gift of bare ownership

You give the bare ownership of a good but keep the usufruct in your favor, in favor of your spouse (if you disappear before) or in favor of a third party (brother or sister, friend, companion ... ). You are free to rent out your property and collect the related income.

The reservation of use and residence must be recorded in the notarial deed in your favor, in favor of a surviving spouse, in favor of a third party. The person entitled to use and live in the property has the property only for himself: He cannot rent it out under any circumstances.

The temporary donation of the usufruct

You give KAGEDEV for a limited time:

• Income from movable capital (e.g. securities portfolio),

• Free use of real estate or its rental income. The beneficiary freely disposes of it and/or receives the income (rents) for the duration of the donation.

Successive or residual donation

Both allow the passing of an inheritance through several generations according to an advantageous tax system, provided that the operation does not violate the rights of the reserved heirs.

• Successive donation: You pass all or part of your property to a third party; these assets are to be returned to KAGEDEV after the death of that third party,
• Residual donation: You give all or part of your property to a third party, who may freely dispose of it during his lifetime. However, after his death, he is obliged to transfer the remains of this inheritance to KAGEDEV, the legacy.

If you are an heir or legatee under an inheritance, you can transfer all or part of the inheritance transferred to you to the sea rescuers, limiting or even eliminating your inheritance rights.

To do so :

• The donation must be final and in full ownership within six months of death.
• The declaration of inheritance must be accompanied by legal proof of the amount and date of the donation, as well as the contact details of our association.

3. Life insurance

Life insurance is a simple tool for saving and preparing for retirement. The tax and legal framework is generally very favorable.

You can designate KAGEDEV as the beneficiary of all or part of your life insurance policy. This does not require the intervention of a notary. However, for security reasons, remember to indicate in a will the existence of your life insurance policies and the full name and exact address of the beneficiaries.

The steps to follow

If you are taking out a life insurance policy with your bank or insurer, or have already taken out one or more policies and wish to change beneficiaries:

• You designate "KAGEDEV" as the beneficiary of your life insurance policy.

• You inform our Donor Relations department at donate@kagedev.org of your action so that they can contact your bank or insurance company in due course.

Important

If you decide to use one of these three types of care, we strongly advise you to hire a notary public to transfer your property without risk, as your contract may become dormant or questionable upon your death if not properly drafted.

In addition, a notary will be informed of all developments and changes in the legal and tax systems and will be able to advise and guide you, taking into account the specifics of your property and family.

For more information, we invite you to contact your notary.