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How to claim after buying a home if hidden defects appea
13th April 2022 -
How to claim after buying a home if hidden defects appear
12th April 2022 -
How to claim after buying a home if hidden defects appea
11th April 2022 -
The swift system and other financial sanctions on Russia: what they consist of and what their effects are
13th March 2022 -
The swift system and other financial sanctions on Russia: what they consist of and what their effects are
12th March 2022 -
Rustic land in Spain ages: only 10% of the owners are under 40 years old
11th March 2022 -
Spain needs 1.2 million rental homes to meet demand, according to Savills
10th March 2022 -
Spain needs 1.2 million rental homes to meet demand, according to Savills
9th March 2022 -
Spain needs 1.2 million rental homes to meet demand, according to Savills
8th March 2022 -
THE HOUSING LAW REACHES CONGRESS
7th March 2022
WILL or LIVING DONATION, WHAT IS MOST RECOMMENDED FOR YOU?
26th November 2021REAL ESTATE, NEXUS GROUP, INFORMA
WILLING OR LIVING DONATION?
What are your advantages and disadvantages?
Succession agreements have many advantages, starting with their enormous versatility. By agreeing on the succession in life, it is an ideal instrument to convey family protocols in the succession of companies, but also to order the provision of economic and family support within the family when the parents are or will be in situation of dependency. Thus, for example, it can be agreed that one of the children personally take care of them and in return receive certain assets in the inheritance, which encourages responsible and supportive behaviors within the family. They can also be made in favor of legal persons, for example who take care of the elderly in their last years of life and ultimately, allow both civil and fiscal succession planning.
But there is, in addition, an additional advantage, since it is a very appropriate instrument to protect the assets of vulnerable people, including both support measures in the exercise of legal capacity and prohibitions for the performance of especially important acts without the consent of the individuals. successors, thus preventing the performance of harmful acts for people with mental problems or whose will they fear may be unduly influenced.
The main disadvantages are that the will of the owner is subject to that of other people, so there must be a great deal of trust between the parties, although there are legal causes that allow dissociation from the agreement and those deemed appropriate can be freely agreed upon. And its cost is higher than that of the will, as it is much more complex documents.
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