Donation or will: what is more profitable and reliable
How is it more profitable to transfer your property during your lifetime to your closest relatives or friends? This question often arises when people want to be sure that after their death, the apartment, house or commercial premises will go to those to whom they would like.
Most often, the owners of the property make a will or a deed of gift. Each of these documents has its own characteristics.
If you make a will, then you can specify any person to whom the property of the testator will go after death.
An important point — it is necessary to remember about relatives who, according to the law, have the right to inherit. This is one of the spouses, as well as minor children and disabled parents. Even if the testator left his entire house to his sister or niece, after death, persons who are entitled to a mandatory share in the inheritance can claim it.
The will comes into force only after the death of the owner of the property. He can draw up another document at any time and change his will. He will own his real estate until his death.
This method is more profitable for the person to whom the property is transferred. The donation is made once, and after signing the document, the house or apartment becomes the property of the person for whom it is made.
It is almost impossible to challenge a donation in court and return your property back or dispose of it in a different way.
What does it cost how much
When processing these documents, the price of the issue also plays a significant role.
When making a gift card for the next of kin, you do not need to pay tax. However, if it is made up for distant relatives or other people, you will have to pay personal income tax in the amount of 13 percent of the total cost of the inheritance.
In both cases, you will have to pay a state fee for the state registration of property rights. In 2021, it is 2000 rubles.
When making a will, you will have to use the services of a notary. In different notary offices, the cost of processing this document ranges from 2,400 rubles ( a simple will) to 3,900 rubles (a joint will). You must also pay a state fee of 100 rubles.
It is important to remember that some citizens may not pay state duty or are entitled to a 50% discount.
Close relatives will pay 0.3 percent of the value of the property (but not more than 100,000 rubles), and distant relatives — 0.6 percent (but not more than one million rubles).
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