Inheritance tax planning
Hardly anyone likes to deal with their own death. But if you make gifts during your lifetime and make clever use of wills, marriage and inheritance contracts, you can ensure that your heirs have to pay much less inheritance tax and keep more wealth in the family. Who likes giving gifts to the tax office? You can also avoid or reduce inheritance disputes with clever planning. What is the point of intestate succession if only one of your children has an entrepreneurial spirit and can continue the company? What should your spouse do with 50% of the company in old age if he or she is inexperienced in business?
This is what you can expect from us in the area of inheritance tax planning:
In addition to gift tax returns and inheritance tax returns, for which we determine the necessary values according to inheritance tax principles, we also provide you with expert opinions on inheritance tax and anticipated succession. This includes, for example, the tax structuring of wills/gifts and arrangements within the family circle or the establishment of foundations. Frequently asked questions are:
- Should I give something to the children now or wait until they die?
- Do I need a will or is a Berlin will worthwhile?
- Is the inheritance tax reduced if I move to a country where there is no or only low inheritance tax?
- Can I simply give black money to my children?
- How is my house valued for tax purposes?
- How much inheritance or gift tax is payable?
- How can I save a business from ruin by paying high inheritance tax when passing it on to the next generation?
- Do I get the exemption discount for preferential business assets? Should I choose the option of exemption?
We implement your individual ideas of who should receive what and when in our advice. It is also about saving inheritance tax. If you are in disagreement with your children, there are ways and means of reducing their inheritance share. If you have no heirs, a foundation or a will in favor of an association that you wish to support may be an option.
If you are the child or partner of a wealthy older person and want to avoid the tax office receiving too much money, we are the right contact for you.
Avoid double taxation This is how we advise you:
You provide us with information about your family circumstances and your assets and – if available – leave us your will or inheritance contract. We determine the inheritance tax burden that would result after your death. Read an article by Oliver Biernat on the subject of “Avoiding double taxation“.
Based on your individual ideas, we develop various alternatives for you as to how your “last will” can be implemented, taking into account, among other things, the minimization of the tax burden. In our report, you will see how much inheritance tax you will save and receive detailed explanations and calculations on other tax implications of the individual alternatives.
You decide on an alternative at your leisure or discuss the result with our – or without our – help in the “family council”. In cooperation with a lawyer or notary, the optimized last will is implemented in a will, inheritance or gift agreement.
Arrange a consultation appointment now!
