The article focuses on the financial implications of early inheritances in Spain, particularly how donations of money and real estate to children are taxed. It highlights significant tax reductions available in regions like Madrid, Andalusia, and Cantabria, which encourage such financial support among families. The tax system is explained, indicating that while the recipient may be liable for taxes, the donor also faces potential tax implications depending on the amount and type of asset transferred.

In the context of rising generational inequality, the article posits that financial support through early inheritances, such as giving a house or cash to younger family members, can alleviate some of the economic pressures they face. The piece suggests that sharing one’s wealth during one’s lifetime can not only provide immediate help to children, such as enhancing their ability to purchase homes, but also mitigate future conflicts regarding inheritance distribution after a parent passes away.

Ultimately, the article underscores the practicality of early estate planning. By proactively managing how and when to distribute wealth to heirs, families can reduce tax liabilities while also ensuring that the next generation is better positioned financially. It serves as a guide for parents considering whether to give early inheritances and the associated financial responsibilities involved in doing so.