Juan Carlos donated his property to his son while he is still alive. It is part of the condition of the donation that ownership over property shall be transferred to the son when Juan Carlos dies. The transfer of ownership is-    Donation inter vivos subject to donor's tax Donation mortis causa subject to estate tax Donation mortis causa subject to donor's tax Donation inter vivos subject to estate tax

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Reasons for Estate Planning

Planning is a process that helps decide in advance about future activities and operations. Planning helps to draft the procedures by identifying, analyzing, and designing how to work, when to work, by whom should be done, and what has to be done. It is the primary step followed by a person, business organizations, institutions, companies, etc.