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An Inheritance Attorney Warns: Receiving an Apartment or Money in Life From Your Parents Can Affect the Distribution of the Inheritance
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The expression "inheritance in life" is often used to speak of goods that parents give to their children before they die. However, there is no legal figure with that name. Depending on how the operation is formalized, it can be a donation - or, in Euskadi, a successor pact - that must be formalized in public writing before notary.
Giving money to his children during his lifetime can have consequences at the time of succession, especially if the sums paid differ from one heir to another. Taxation, reinstatement in sharing and donation-sharing.... Some rules help to avoid bad surprises.
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