Published on : 19 May 20203 min reading time

Capital transmission can become a very sensitive issue in some cases. You must give importance to the number of heirs and the steps to follow. Obviously, it is strongly recommended that you call in an expert to ensure the quality of your estate. The transmission of capital requires special attention.

How to transmit a capital?

To transfer capital, you must pay attention to several details. A priori, the transmission of capital can be carried out on the basis of the testamentary dispositions. According to the rules imposed by the Civil Code, it is fundamental to carry out a transmission for his descendants following a death. If the individual concerned is not divorced, the spouse will be entitled to enjoy the transmission. All these individuals form what the law calls heirs reservataires. The division will be carried out according to the share imposed by the Civil Code. Moreover, it is quite possible to adjust the distribution if necessary. The heirs must thus assert the rights of transfer. The amount of the duties will thus depend on the tax scale imposed by law.

What are the steps involved in the transfer of a capital?

If you wish to carry out a transmission while you are alive, you can make a donation. In this case, you will be free to transfer your capital to whomever you wish, regardless of its origin. Death insurance is considered to be the only way to transmit a capital guaranteed for life. You are fully entitled to make donations to your heirs or relatives. The making of a donation is governed by the law, hence the need to find out more about it. In addition, you should know that making a donation is irrevocable. In some cases, it may be an advance on an inheritance.

Respecting the steps involved in the transmission of a capital asset

It is preferable to call in an expert to ensure the transfer of capital. The State can put forward exclusions to avoid abuses. Moreover, if you wish to bequeath your capital after your death, it is crucial to give priority to the limit of quotas to be respected. You should prioritise the help of a notary in order to avoid any inconvenience when drawing up a notarial deed. In most circumstances, it is strongly recommended that you draw up a balance sheet of your capital in order to facilitate the division. To guarantee the quality of your estate, it is preferable to focus on the drafting of your will.