Summary
Should I already donate properties to my kids while I am still alive? What are my options? What taxes should I pay and how much will it be?
We encounter this a lot with our clients. They always ask us to help them transfer their properties in the names of their kids...para wala na silang problema later on. But how do we actually do this? What’s the process?
Now, this is the question of one of our viewers, Ma. Luisa Gabriel, and she writes:
“We are planning to execute a deed of donation of our house and lot to our 3 children. Can we indicate there the exact division of the property, like the land is 200 sqm, we want to give to our youngest 100sqm and the other 2 children 50sqm each. Does the deed of donation requires also an estate tax?”
This summary is based on the video's description. For general education only; not legal advice for your specific situation.
