Business · Economy · 6 hrs ago
Gifts from parents may affect how an inheritance is divided
A Spanish lawyer, Lucía Menéndez, warns that gifts from parents can affect how an inheritance is divided later.
For example, if parents give one child €50,000 to help buy a home, that amount may be considered when the estate is shared.
The legal concept is called collation: certain gifts made during a parent’s lifetime can be taken into account in the later distribution.
This means the division may not depend only on what the parents still own when they die.
Families may be surprised by this and disputes can arise between siblings if the gifts and the parents’ wishes were not clearly documented.
Menéndez advises parents to plan their estates and state their decisions clearly.
The story does not specify what rules apply in every case or what steps any particular family should take.
Gifts of money or property from parents may affect how an estate is divided later, lawyer Lucía Menéndez says.
Some lifetime gifts may be treated as donations that are taken into account when distributing an inheritance.
Menéndez says families may be surprised by this and that unclear planning can lead to disputes between siblings.
She advises parents to account for gifts and make their intentions clear when planning their estates.
- Who
- Lawyer Lucía Menéndez discusses how gifts from parents may affect their children’s inheritance.
- What
- Certain gifts made during a parent’s lifetime may be considered when an estate is divided.
- When
- When the inheritance is distributed after the parent’s death.
- Where
- Not stated.
- Why
- To account for certain gifts made before death when distributing the estate.
This story does not have two clearly opposing sides.
Hay mucha gente que cree que si sus padres le dieron cosas en vida, no tendrá ninguna importancia cuando llegue el momento de heredar, pero no es así
This story does not have a timeline yet.
- Lawyer
- Lucía Menéndez
- Example gift
- €50,000 given to one child to help buy a home
- Potential effect
- Certain lifetime gifts may be considered when dividing an inheritance
- Suggested step
- Parents should make their decisions clear when planning their estates
Sources
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