Parents often want to support their children financially during their lifetime. There are three options to choose from: advance inheritance, gift or family loan. Each option has different legal and tax consequences.

A person who receives social assistance or supplementary benefits (EL) is faced with a key question when making a gift: Does this gift affect their entitlement to social assistance or EL? And if so, what are the specific effects?

When we hear the word loan, we think of a bank loan. But money is also regularly lent within families or between friends. However, not many people think about what happens if the borrower dies. This could prove to be an expensive mistake.

An inheritance advance is a special form of gift. However, the recipient must offset this free gift from their share of the inheritance when the estate is divided up. Read on to find out what you need to know to prevent disputes later on.