Living donations are made on a daily basis, either with the aim of donating our properties before death, or to “gift” our loved ones certain assets that we want them to own, among other assumptions.
This type of transmission has numerous benefits for us, such as avoiding disputes over a possible inheritance, taking advantage of the existence of possible tax benefits that the operation may entail, and even helping the economic prosperity of a family member, etc.
The donation is regulated in article 618 of the Civil Code, it is defined as the delivery of something from one person to another without receiving anything in return. The donation has to meet certain requirements such as impoverishment of the donor, enrichment of the recipient, acceptance of the donation and, of course, that it be raised to a public deed before a Notary.
Both natural persons and legal persons (companies and companies) that have the capacity to enter into a contract and have disposal of their assets can donate. However, minors or people who have a disability that impairs their ability to discern cannot carry out this type of patrimonial transfer.
Donations of any type of property can be made, be they real estate, money and even jewelry or other valuables. If your intention is to make a living donation, go to a professional who will advise you and manage all the corresponding legal and tax procedures.
For more information and appointments call (+34)656774291 or send us an email to info@bergerdozet.com and we will be glad to help you.
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