[HIGHLIGHTS] Give away or inherit during your lifetime? What you need to consider

Give away or inherit during your lifetime? What you need to consider.. As of: February 24, 2024, 4:57 a.m By: Carina Blumenroth CommentsPressSplit The matter of money is often a bit opaque.

What you must consider when receiving a gift or inheritance. There are allowances for inheritance or donations. The tax office must find out about the windfall within three months of a gift. If the money is given away, both the person giving it and the person receiving the gift must contact the tax office.