Legal and Finance
The Parent's donation (parent's gift), is a totally different legal subject to the ordinary donation which is happening between friends, partners, uncles, any other people but no, parents.
This legal practice was invented twenty years (20) ago, to enable the parents to donate their fortune to their children while they are still alive, to avoid paying enormous future inheritance taxes.
The parent's donation tax, is always much less than the inheritance tax.
To donate to their children their assets, parents must attend the notary's office and state their wishes. They can make their child total owner of their fortune, or, they can keep part of the ownership, for until the time they die.
What is the European Union? We hear so much in the news about the EU (the European Union) and the countries that are in it, but how does it effect us? What do they do? What are the advantages and disadvantages for countries that are members of the European Uni...
You are still able to claim the benefits that you entitled to when you move abroad. You must first contact your local social security office and tell them that you will be moving abroad. It is also important to inform them of whether you plan to return or you ...
The legislators in Greece, after too many years of discussions and social protests, decided in the year 2008, to approve and legally acknowledge, the union of two free persons (heterosexuals at the moment).
Mixed marriages (between a Greek person and a foreigner), as well as divorces , are very common nowadays.
Please notice that the new tax laws require that all Greeks and foreigners living in Greece or abroad and have assets in Greece, must file a specific tax form, E-9 document, in which all the properties will be properly listed.
