Heirs and assets
Asset succession
Inheritance tax can impose a significant burden, particularly on family businesses, threatening their continuity. Entrepreneurs and high-net-worth individuals should proactively plan and implement measures to optimize their estate and succession planning
A key element of asset succession planning involves a thorough analysis of the current and future family and tax situation, as well as the allocation of assets across different types and jurisdictions.
TAXGATE offers solutions to minimize inheritance and gift tax liabilities, such as through anticipated inheritance, asset restructuring to utilize inheritance tax benefits, or the inclusion of life insurance policies and foundations.
In cooperation with leading law firms, we incorporate legal measures like marriage and inheritance contracts, wills, and will execution into our asset succession plans. Our advisors also bring extensive experience in handling international considerations, such as moving abroad. This can offer inheritance tax advantages but may result in significant income tax liabilities without actual profit realization, making careful planning crucial.
Investment Consulting
The wide variety and complexity of investment options for capital and tangible assets require a comprehensive assessment of investments and income types. TAXGATE’s services in this area include standardized asset control for all investments, with timely analysis of individual assets concerning costs, income, and taxes.
Track Record
We have extensive experience in handling national and international transactions. Recently, we have provided counsel on the following cross-border projects:
Heirs and assets:
- Ongoing support for a family business with three family branches, several locations in Germany and abroad, in particular handling inheritance cases among the shareholders, inheritance tax and declarations of assessment, valuations, gift agreements between family members, drafting family governance, revision of articles of association
- Multi-year support for an inheritance case in a billionaire family with numerous shareholdings, declarations of assessment, monitoring of payroll totals
- Support and declaration of the establishment of a family foundation including the transfer of a shareholding in a medium-sized company
- Establishment of a corporate foundation upon death, donation of a limited partnership interest in a medium-sized company
- Mediation of a family conflict with subsequent real division of company assets
- Conducting negotiations on the departure and compensation of a family shareholder together with the assessment of the tax consequences in a globally active family business with a group structure
- Supporting an international family with German property with succession planning
- Dispute between a community of heirs with a large property portfolio
- Structured a swinging matrimonial property regime for the settlement of advance gifts
- Advising numerous wealthy private individuals on the tax and inheritance law efficient organisation of their asset succession, including advice on wills and anticipated succession
- Establishment of a charitable foundation as the future heir of a childless and wealthy entrepreneur and assumption of the function of the board of directors
- Structuring and implementation of anticipated succession (gifts, inheritance contracts, wills, foundations) as well as active organisation and support of the respective company succession for a large number of medium-sized family businesses
- Planning and support of donations, in particular of shares in southern German family businesses (company sizes of EUR 50 million to EUR 2.5 billion)
- Lecturer in the field of succession and inheritance tax, e.g. at the DHBW in Stuttgart
- Author of specialist books and journals
- Advisory board activities (for companies and foundations, also as chairman of the advisory board)
Your challenge is our priority
In a non-binding consultation, we’ll work together to explore the best options for you and how we can assist.
