As the demographic winter develops, so does the number of assets without heirs that are transferred. According to a study conducted by the Giordano dell'Amore Foundation's Evaluation Lab on behalf of the Cariplo Foundation, these treasures might be worth 20.8 billion in 2030 and 88.1 billion in 2040. These figures certainly provide a positive picture for non-profit organizations that rely heavily on donations and legacies to fund their operations. They do, however, presume that all landowners will chose to contribute their entire wealth to charity entities. In reality, this estimate ignores the component of families with heirs who may still choose to contribute a portion for the benefit of the community. This is why a second, possibly more reliable simulation (which accounts for the fact that at the will stage, a portion of available wealth, excluding the legitimate, is devolved to the third sector at 50% for those who have no heirs and 5% for those who do) estimates legacies at 8.4 and 35.7 billion in 2030 and 2040, respectively. However, it is important to note that the postulated values are strongly reliant on people's proclivity to form wills.
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