A bequest can be intended for the foundation as heir (or joint heir) or as legatee. In the case where the foundation is named as heir, the money or tangible assets inherited are transferred directly to the foundation at the time of death. In the case where the foundation is named as legatee, the heirs are legally obliged to transfer a certain amount of money or tangible assets from the estate to the foundation.
There are two different forms of wills, the notarial (or so-called public) will and the handwritten (or so-called privately written) will.
When establishing a notarial will, the notary advises the testator in the composition of the will, writes it down and completes its certification. The notary ensures that the will is read and executed when the testator has passed away.
A handwritten will must be handwritten and signed by the testator. Wills written on a computer or typewriter are invalid. The testator signs using his or her first name and surname, also noting the date and place of writing. By depositing a handwritten will at the district court, you ensure that your will is executed when the time comes.
Naming an Heir or Legatee
Appropriate wording in your will for naming the Stiftung für das Museum Folkwang as heir or legatee is “I hereby name the Stiftung für das Museum Folkwang, Museumsplatz 1, 45128 Essen, as my sole heir” or “I hereby name as legatee of my estate: N.N., date of birth, address, …% share, as well as the Stiftung für das Museum Folkwang, Museumsplatz 1, 45128 Essen, …% share.”
Making a Bequest
Appropriate wording in your will for making a bequest is: “The Stiftung für das Museum Folkwang, Museumsplatz 1, 45128 Essen will receive, upon my death, as bequest, … % of my estate” or “…. my entire collection of art” or “the work of art (title) by (name of the artist)”.
Contes barbares, 1902
© Museum Folkwang