A Legacy Gift involves distributing assets to a chosen recipient, specified in a person’s will. By naming UWC ISAK Japan as a beneficiary, you can aid our scholarship fund, enabling us to admit students from diverse socio-economic backgrounds regardless of their nationality.
Points to Consider When Writing a Will
When creating a will, it is recommended to use the “notarized will” created by a notary public due to its legal validity and reliability, although there are other types of wills, including the “handwritten will” and the “secret will.” For details on each type of will, please refer to the “FAQ” and the website of the Japan Federation of Notaries Public.
Please designate “UWC ISAK Japan (Address: 5827-136 Nagakura, Karuizawa-machi, Kitasaku-gun, Nagano, Japan)” as the recipient of the legacy gift.
To ensure that the contents of the will are carried out, please specify an executor of the will. For more information on the executor of the will, please refer to the “FAQ” below.
We regret to inform you that we cannot accept donations other than cash (such as real estate or securities) through legacy gifts. We ask that you have the executor of the will dispose of these assets and make a donation to us after deducting taxes and other expenses.
There are two types of legacy gifts: comprehensive legacy gifts and specific legacy gifts. If you choose to donate through a legacy gift to United World College ISAK Japan, please specify a “specific legacy gift.”
When considering the contents of the legacy gift, please be aware of the “statutory share” guaranteed to certain heirs. For more information on the statutory share, please refer to the “FAQ” below.
Legacy Gift Consultation Desk
We have established a consultation desk for those interested in making a legacy gift donation.
When contacting us, please let us know that you found us through our school website.
Consultations are free of charge. Please note that fees will apply for creating notarized documents.
Frequently Asked Questions
There are three main types of wills: notarized wills, handwritten wills, and secret wills. A handwritten will can be created by writing the entire text, including the date and name, and affixing a signature or seal. A notarized will is created by a notary public who writes down the contents of the will as dictated by the testator in the presence of the notary. A secret will is a document in which the contents of the will are recorded, signed and sealed, and then certified by a notary public.
For a legacy gift donation, we recommend using a notarized will for its legal validity and reliability. For more information on each type of will, please refer to the Japan Federation of Notaries Public website. We also recommend consulting with a professional when creating a will.
“A testamentary executor” refers to the person who carries out the contents of a will. A testamentary executor can be designated in the will, or entrusted to a third party. Both individuals and legal entities can be designated as the executor of the will. As executing a will often involves specialized procedures, it is common to designate professionals such as lawyers, judicial scriveners, or trust banks to carry out the execution of the will.
The “legal portion” (reserve portion) refers to the proportion of inherited property guaranteed by law. Under the Civil Code, the legal portion is recognized for spouses, children (direct descendants), and parents (direct ascendants), and in the case of donations that violate the legal portion, it is possible to request a reduction (recovery) of the legal portion. If you are considering a donation, please consult with a specialist and be mindful of the legal portion.
A comprehensive legacy gift refers to a type of legacy gift where a certain percentage of the testator’s entire property is designated as the target without specifying any specific property, such as “half of the estate” or “one-third of the estate”. On the other hand, a specific legacy gift refers to a legacy gift that designates specific property, such as “5 million yen from a certain property” or “a certain land”. If you wish to donate to UWC ISAK Japan through a legacy gift, please specify it as a “specific legacy gift”. *Unfortunately, UWC ISAK Japan only accepts cash for legacy gifts.
We do not accept donations in forms other than cash (such as real estate or securities). We kindly request that the executor of the will convert these assets into cash, deduct any applicable taxes or fees, and make a donation in cash. We apologize for the inconvenience and appreciate your understanding.