Succession in Lithuania
15-02-2023

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Can I retain some rights associated with the assets I give away ? Can I reserve a right of reclaim ?

As mentioned above, a person may conclude contract of rent, i.e. transfer an asset. However, the person who receives the asset is obliged to care of the donator. A contract of sale with an attached right of redemption may also be concluded. If a person transfers the asset as a gift, he/she may not recover the asset by a unilateral decision. If such agreement were included in the contract of gift, the contract would be null and void.

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Lietuvos Notaru Rumai

Olimpiečių g. 4,

LT - 09200 Vilnius, Lietuva

Tel.: +370 - 52 - 61 47 57

Fax: +370 - 52 - 61 46 60

rumai notarai lt

www.notarai.lt

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