Succession in Hungary
15-02-2023

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How can I pass on my assets while I’m still alive?

You can pass on your assets as donations while you are still alive. It is important to remark that the value of the assets given within ten years before the death of the grantor to anybody – with certain exceptions listed in the Civil Code – has to be taken into consideration when calculating the reserved portion.

If the asset has to be included in the reserved portion, it will be applied to satisfy the reserved portion of the entitled person.

Furthermore, the donees receiving assets as donations from the deceased within ten years prior to his/her death shall be responsible for that part of the reserved portion that cannot be satisfied from the inheritance, irrespective of the chronological order in which the donated assets were received.

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Magyar Országos Közjegyzoi Kamara

Pasaréti út 16.,

H- 1026 Budapest, Magyarország

Tel.: +36 – 1 – 489 – 48 80

Fax: +36 – 1 – 356 – 70 52

jogi kamara mokk hu

www.kozjegyzo.hu

Information for non-EU European countries is available on the International Union of Notaries (UINL) website at the following link.