Question 1

What is a legacy?

Accepted Answer

A bequest is a provision made in your will in favor of Karuna-Shechen. It specifies how you wish your assets or estate to be distributed after your death, allowing you to have a lasting impact without affecting your financial security today.

Question 2

Can I leave a legacy to Karuna-Shechen if there is no entity in my country of residence?

Accepted Answer

Yes. You can include Karuna-Shechen in your will even if we do not have a dedicated entity in your country.While tax benefits and deductions vary depending on local legislation, your bequest will directly benefit the communities we support in the Himalayan region. Please feel free to contact our team to explore the options available in your country.

Question 3

Do you need to have a large estate to pass on your wealth?

Accepted Answer

Everyone has assets, regardless of their value. These can take many different forms: savings, real estate, life insurance, investments, or even personal belongings.Therefore, bequests are not only for the very wealthy. Every person can choose to pass on a portion of their assets, according to their situation and what matters to them.There is no minimum amount to leave a legacy to Karuna-Shechen.

Question 4

Are there solutions to make my legacy tax-efficient even without a local entity?

Accepted Answer

Yes. Inheritance laws and tax rules differ considerably around the world. Some countries do not tax charitable bequests, while others allow cross-border donations to recognized foreign entities under specific tax agreements or treaties.We recommend consulting your notary or wealth management advisor. You can also contact us directly to check if any of our international entities are eligible for tax exemptions under your country's legal framework.

Question 5

Can I change my mind about my will?

Accepted Answer

Yes. A will can be changed or revoked at any time, provided you have full legal capacity.You can adjust your will throughout your life as your circumstances or priorities change. When drafting a new will, be sure to explicitly revoke any previous versions to avoid ambiguity.

Question 6

What happens if my family situation changes?

Accepted Answer

Your will can be adapted to the changing events of your life. A marriage, a separation, the birth of a child, or a significant change in your assets are all opportunities to review your provisions.If your situation changes, reviewing it with your notary will ensure that your will still accurately reflects your wishes.