WILL OR DEED OF GIFT
There are different ways to pass on property to your loved ones. In this video, we will analyze the advantages/disadvantages of a will and a gift.
The main advantages of a will.
1) The testator remains the owner of the bequeathed property until his death.
2) The will can provide for the obligation of the heir to perform certain actions in relation to third parties (testamentary refusal).
3) By leaving a will, you will know exactly who will receive your property.
4) To leave a will, the presence of the person in whose favor the will is made is not required. He may not even know that the property is bequeathed to him. All other transactions, such as a gift, purchase and sale, annuity, are bilateral.
5) A will can be noted or revised, which cannot be done, for example, with a gift, purchase and sale, annuity.
6) Money can be bequeathed by leaving a testamentary disposition. You don't need a notary for this and you don't have to pay a fee. You just need to go to a bank branch and leave a request.
7) It is almost impossible to challenge a will in court, since it is notarized. The notary certified the legality of the transaction.
Benefits of donation.
1) The recipient becomes the owner after signing the deed of gift and registering the transfer of ownership.
2) You don't have to pay notary fees.
3) Unlike a will, a deed of gift cannot be cancelled. With the exception of the recipient causing harm to the donor.
4) A deed of gift does not need to be certified, you don't have to go to a notary.
5) The new owner of the apartment, for example, can immediately dispose of it. Also, the three-year ownership period begins earlier to avoid taxation.
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