Whether as an entrepreneur or as an individual – handing over the company or personal assets to the next generation is a difficult step that certainly does not come easily to anyone.
What is important here is a planned approach, in which not only one’s own ideas and concepts should be taken into account, but ideally also those of the intended successors or those related to them. The tax burdens that can result from a flawed succession planning – or no succession planning – are significant. The inheritance tax burden alone can amount to more than 30%.
Based on our experience, we can help you reduce the tax burdens associated with passing on to the next generation, ideally even completely eliminating them, so that no gift or inheritance tax is imposed on the transfer. This can be achieved, among other things, by making optimal use of tax allowances available during life, reallocating assets, and utilizing bequests when drafting a will or succession agreement. We often work with the lawyers and notaries of our clients to ensure that the best possible, legally sound, and tax-saving outcome is achieved.
As tax advisors, we advise our clients on all tax-related matters, identify existing tax risks, and suggest solutions to avoid tax risks.
