Succession advice and asset planning
Ahead of time a possible transfer of assets to the next generation should be considered, not only with regard to the use of tax allowances but also to the increase in tax valuations. In particular, in order to preserve a business over several generations, it is important to transfer it to the successors without incurring any inheritance tax losses. We accompany you in all challenges of succession planning, whether in the search for a suitable successor, in making difficult decisions or in solving conflicts during the succession process.
Inheritance and gift tax
In cases of inheritance or gifts, we discuss the relevant tax deadlines with you and prepare the corresponding declarations. We also have experience with cross-border inheritance cases and can draw on a broad network of foreign tax advisors if required.
Advice on the drafting of wills
We support you in drafting your will and, if necessary, work together with lawyers. We discuss with you options such as division orders, succession, bequests, waiver of compulsory portions and discuss the tax consequences with you.
Long-term transfer planning
For more complex assets, long-term planning is necessary. We discuss with you how you would like to pass on your assets to the next generation and work out a long-term concept which is constantly adapted to changing circumstances.
Anticipated succession
Transferring assets during your lifetime is often a sensible way to reduce inheritance tax burdens later on. However, there are numerous particularities to be taken into account here: A reservation of usufruct can ensure that the income remains with the transferor. Certain conditions prevent an unwanted onward transmission by the acquirer. We support you in all these matters, in cooperation in particular with specialist lawyers for inheritance law, taking into accoubnt the tax-optimised implementation of your ideas.
Business transfer
It is particularly important for entrepreneurs to plan their own succession and the transfer of their business at an early stage and also to draw up an appropriate will. Otherwise, an unexpected succession can lead to high tax burdens which, in an emergency, can even jeopardise the continuation of the business, or an ill-considered drafting of the will can lead to a loss of the shareholding or to the unwanted closure of the business in the case of a transfer to unqualified heirs.
