Why choose a joint donation over a simple donation?

Peace in families: Donation sharing is a little-known tool that has many advantages. decryption.

Donation Sharing - iStock-slowmotiongli

Donation Sharing – iStock-slowmotiongli

The principle

In contrast to a simple donation, the division of a gift allows the estate to be divided during one’s lifetime among presumptive heirs, i.e. heirs who become the legal heirs on the day of the deed of donation. The distribution of assets is organized before a notary during your lifetime. The donation portion may relate to movable or immovable property, including sums of money. A married couple can choose to divide their wealth fairly between their heirs or choose an unequal division. However, it is not possible to reduce a child’s share of the reserve unless the child agrees. On the other hand, it may be possible, with the consent of the relatives of the siblings, who must refrain from exercising their action for “reduction” in advance and before a notary, to favor a child beyond his reserve.

The connecting gift

A married couple can jointly agree on a donation distribution in favor of their own children. In the case of remarriage, children from a previous partnership can also be included if the spouses have at least two children together. This gift, known as “conjunctive gift sharing,” allows the couple to gather their wealth into a single estate to be divided among their heirs. It makes it possible to mitigate wealth differences between the two parents.

The cumulative donation

The cumulative gift share occurs if one of the two spouses dies before the gift. The survivor can then agree to a portion of the gift that includes their own assets and those of their spouse’s estate. This donation is established in a single notarial deed. As for the conjunctive donation, the goods are united in a single mass that is shared between the children.

The advantages of the device

The donation party has several advantages. First of all, it makes the regulation of the succession much easier, since it is carried out during the lifetime of the donor. If the simple donations are notionally imputed to the donating parent’s estate to restore balance between the children, the portion of the gift is never imputable to its originator’s estate. This means that the gift is not included in the calculation of the inheritance due to each of his children at the time of the donor’s death. If the siblings have shared in the gift and there is no usufruct of an amount, there is no revaluation of the assets at the time of death to ensure that each child has received their share of the usufruct. Unlike an ordinary donation, a child who has inherited an increase in property does not have to compensate their siblings. After all, the tax-free donation allowance is 100,000 euros per child and donor and is renewed every 15 years.

Kaddouri Ismail

I am Ismail from Morocco, I work as a blogger and online marketer. I am also the founder of the “Mofid” site, in which I constantly publish many important articles in the field of technology, taking advantage of more than 5 years of experience working in the field. I focus on publishing in a group of areas, the most important of which are programming, e-marketing, digital currencies and freelance work.

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