Usually, successful succession planning starts with transfers of private or business assets inter vivos. By doing this, the next generation is conscious of their future responsabilities already at an early age. Therefore, the younger generation can benefit from the parents’ expertise in many ways.
In this context, our (tax) advice includes the optimization of Gift Tax implications based on various tax planning ideas which are also covered by the all new German Inheritance and Gift Tax Act from July 1, 2016. Furthermore, a special focus of our practice includes crossboarder inheritance and gift tax planning, especially linked to the United States, Switzerland, United Kingdom, France and Spain.
After the gift transfer agreement has been drafted by your lawyer or notary, we examine the respective contractual clauses in regard to their tax consequences. Furthermore, we also prepare the respective tax returns and monitor any post-transactions holding regulations.
In any case, we will advise you in structures that will result in the lowest possible tax burdens for future heirs or legatees. In addition, we will support you to finally settle the estate with your lawyer or notary. Above all, our strongest focus is to holistically fulfill your needs both from a personal and legal perspective.