Can I give away my fortune during my lifetime?

Various constructions make it possible to regulate the succession of assets at an early stage. In addition to the transfer of businesses, flats and real estate are often given away in the event of death already during their lifetime. In this case, the Giver remains the owner of the property until his death.

However, real estate can also be given away during life, subject to the reservation of various rights, e. g. the right to housing, so that the giver can continue to use the property, but the recipient already becomes the owner of the property.

The notary will be happy to advise you which solution is the most sensible for you for economic and personal reasons.

What should I consider when making donations?

Although there is no longer any inheritance and gift tax, the transfer of real estate is subject to real estate transfer tax. When giving gifts, the Gift Notification Act must also be observed. The corresponding declarations to the tax office as well as any necessary applications to the Land Registry and Corporate Register Court may be made by the notary.