Marketing under the budget

Every day parents make acts which, apparently, are harmless and magnanimous.

Making out donative on children in bank accounts, the house register, bonds, they do not pay attention to the latent negative parties of the acts. Their argument: « If I shall enter a name of the son in the house register it at once will acquire the right to possession of the house after my death without legal proceedings ». But parents do not suspect about the latent taxes.

For example, you have issued donative for the son on the house costing of 300 000 dollars, you have just given the son of 150 000 dollars. But at the same time you could run into debt to the state of thousand dollars as the tax to donation! Moreover, when your son will sell the house, it should pay the tax to increase in market cost of the capital and will lose thousand dollars more. But these charges on the tax it is possible to avoid, if all carefully to plan.

One more consequence from registration donative can be loss of the house if your son will get divorced from wife. As after donative, the house becomes subject to all claims in case of divorce. Donative as has moral consequences as many widows live with sons, being afraid, that the child will expel them from own house. After death of the father to enter a name of the son in documents on the house it seemed good idea, but now the widow has lost the control over the house.

As there are cases when after registration donative on the son, the father had to pay taxes and penalties on the expiration of several years. To avoid legal proceedings after death and to not spend money for the latent taxes, gifts it is better to make in the small sizes within several years. You can simply name the person receiving a gift or the premium, but to not subject property to claims of creditors. For example, the confidential property can be used for transfer of powers and the right to possession without additional expenses.

Filed under: Business on June 14th, 2007