An early inheritance is when a person chooses to give a portion of their inheritance to their heirs before their death. This can be done for a variety of reasons, such as to help a family member with financial difficulties or to minimise taxes on the estate.

There are several ways to provide an early inheritance, including gifting money or property, creating a trust, or transferring assets through joint ownership. However, it is important to carefully consider the potential financial and tax implications of an early inheritance, as well as the potential impact on family dynamics and relationships.

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From a tax perspective, an early inheritance may trigger other implications, depending on the amount of the gift and the total value of the estate. It is important to consult with a financial or tax professional to understand the potential tax consequences of an early inheritance.

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In addition, an early inheritance can also have implications for the distribution of assets after the person's death, as it may impact the amount of the estate that is subject to probate and the rights of other heirs or beneficiaries.

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It is important to carefully consider all of these factors before deciding to provide an early inheritance and to communicate openly and clearly with all family members involved to avoid misunderstandings or disputes.