Leaving an inheritance in your will to an organization like the PRO.SA FOUNDATION is a gesture of great generosity that can make a difference.
It is possible to leave to our Foundation part of your inheritance without harming your heirs. Even a small sum for the support or the realization of projects, is a big help for the activities of the missionaries committed to bring development and improve the quality of life for women, children and all the families in the third world countries.
WHY MAKING A WILL?
Making a will is an act of responsibility towards our beloved ones. Besides your spouse and closest relatives, a will gives the chance to leave friends something significant or part of your possessions. There are good causes that can be supported addressing part of your possessions to no-profit association like the PROSA Foundation, known for their commitment and dedication.
A will is the only means that allow somebody to choose, when alive, who to be entrusted of our holdings.
CAN I MAKE A WILL IN FAVOUR OF PRO.SA FOUNDATION?
Yes, respecting the legitimate share that legally belongs to the rightful heirs (please see the following questions), juridical persons, non-profit organisations, OSC etc. can be the beneficiaries of a will. In any case, the beneficiary must be identifiable and properly mentioned, so that the testamentary disposition is valid.
WHAT CAN I DECIDE TO LEAVE TO THE PRO.SA FOUNDATION?
The Italian law provides that a part of the estate (legitimate share) must be granted to the rightful heirs, which means spouse, sons, siblings or parents (if there are no sons). Who makes a will can freely decide what to do with the remaining part of the estate (available quota).It is possible to donate a movable property (works of art, jewels, furniture), an immovable property (flats, lands, buildings), a life insurance, a part or the whole available estate (money, stocks, shares, BFP, investment funds or the severance pay).
HOW CAN I MAKE A WILL? DO I NEED TO GO THE NOTARY?
According to the Italian law, the last wishes must be necessarily written. There are three types of will and you can decide to switch from one type to another in any moment:
The holograph manuscript is a handwritten document which must be dated (day, month, year), signed up (name and surname) and composed of clear declarations without doubtful interpretations. The holograph must be kept in a secure place: it is recommended to write two original copies and to deposit one of the them at the notary. If the holograph is destroyed or ruined, it will be null. Example of a Holograph
The secret testament is a handwritten or typewritten document delivered to the notary sealed in an envelope in presence of two witnesses. The notary draws up a transcript of deposit and keeps it until the opening.
The public testament is drawn up and guarded directly by the notary, who can guarantee its fairness and certify the compos mentis of the testator. The notary reads it in front of the two witnesses and asks them to sign it up.
CAN I MODIFY MY WILL?
Yes, you can modify or revoke your dispositions in any moment.
WHO ARE THE LEGITIMATE HEIRS?
According to the law, those who can inherit are: the spouse, the sons, the siblings (if there are no sons), parents (if there are no sons) or other relatives within the sixth degree (only if they are the only heirs).
If a person leaves an inheritance, the rightful heirs will be:
- Only the spouse: ½ to the spouse (legitimate) and ½ is the disposable part
- The spouse and one son: ⅓ to the spouse (legitimate), ⅓ to the son (legitimate) and ⅓ is the disposable part
- The spouse and two or more sons: ¼ to the spouse (legitimate), 2/4 to the sons (legitimate) and ¼ is the disposable part
- A son: ½ to the son (legitimate) and ½ is the disposable part
- Two or more sons: ⅔ to the sons (legitimate) and ⅓ is the disposable part
- Legitimate ascendants: ⅓ to the ascendants (legitimate) and ⅔ is the disposable part
- The spouse and the legitimate ascendants, without sons: ½ to the spouse (legitimate), ¼ to the ascendants (legitimate) and ¼ is the disposable part
WHAT CAN HAPPEN IF I DO NOT MAKE A WILL?
If there is no will, the state will be divided among the rightful heirs (please see the previous question) according to the quotas laid down in the Civil Code. In case there are no relatives within the sixth degree, the whole estate belongs to the Government, that acquires the title of rightful heir without need for acceptance and without being responsible for the debts of the estate beyond the value of the inheritance.
HOW WILL PRO.SA FOUNDATION USE MY TESTAMENTARY LEGACY?
The testamentary legacies will be used to support humanitarian projects in the Countries where we work, according to the needs of the beneficiaries, which are identified case by case. If you would like to constrain your legacy to a specific type of project or intervention area, it would be better to arrange it previously with us.
ARE THE TESTAMENTARY LEGACIES IN FAVOUR OF THE PRO.SA FOUNDATION SUBJECT TO TAXES?
No, the testamentary legacies in favour of a non-profit organisations like PRO.SA, are not subject to tax.
CAN PRO.SA FOUNDATION BENEFIT OF A LIFE INSURANCE POLICY?
Yes. The premium for the life insurance is not part of the inheritance of one person, therefore the holder can sign it over to any beneficiary without affecting the heirs. PRO.SA Foundation can be mentioned as beneficiary both at the moment of its subscription and with subsequent declaration.