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Burgenland's Inheritance Trend: An Increasing Altruism Observed, as More Individuals Opt for Charitable Bequests

More than a quarter of Burgenland residents are now considering drafting a charitable will. The 'Forget-Me-Not' initiative provides guidance for this endeavor.

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Burgenland's Inheritance Trend: An Increasing Altruism Observed, as More Individuals Opt for Charitable Bequests

Considering Your Legacy: A Guide to Wills in Austria

Got a burning question about your future? Wills and inheritance might just be the answer. Yet, why do we often shy away from these topics?

A recent survey of 2,000 Austrians reveals some intriguing insights. 54% of Burgenland residents only begin thinking about their estate when a 'certain age' hits. 38% consider writing a will upon illness, and 29% do so post the demise of a close one.

But Notary Sabine Preschitz from Neusiedl am See advises an early start, even if you're young and in great health. After all, you're never too young to plan your future.

The aversion to death-related matters seems prevalent in Austria, as the survey shows: Only one in four Burgenlanders knows of the special form requirements for handwritten wills.

In the grim scenario of an invalid will and no legal heirs, the estate goes to the Austrian Republic. For instance, between 2017 and 2019, over €22 million from 900 intestate estates graced the state coffers.

On a more positive note, charitable bequests are gaining traction. The "Vergissmeinnicht Initiative" has been educating the public on inheritance law since 2012, and it's working! The survey indicates a 40% increase in Burgenlanders willing to donate their estates to charitable organizations over the past three years.

  • 18% of the elderly would consider bequeathing their entire estate, while 24% would leave a part to associations.

So, do yourself and your loved ones a favor—consider your legacy today! Always remember, consulting a legal professional can ensure your wishes are respected.

  1. What percent of Burgenland residents start thinking about their estate only when a 'certain age' hits? - 54%
  2. In what situation do 38% of Austrians consider writing a will? - Upon illness
  3. According to Notary Sabine Preschitz from Neusiedl am See, why is it better to start planning your future early, even if you're young and in great health? - Because you're never too young to plan your future.
  4. What percentage of Burgenlanders know of the special form requirements for handwritten wills? - Only one in four
  5. What happens to an estate if the will is invalid and there are no legal heirs in Austria? - The estate goes to the Austrian Republic
  6. From 2017 to 2019, how much money from 900 intestate estates went to the state coffers? - Over €22 million
  7. What is the increase in Burgenlanders willing to donate their estates to charitable organizations over the past three years? - 40%
Nearly a quarter of Burgenland residents are considering drafting a charitable will. The 'Forget-me-not' initiative provides guidance for this endeavor.
Over a quarter of Burgenland residents are now considering estate planning for charitable purposes, as the 'Vergissmeinnicht' initiative provides guidance for this service.

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