- Charities, philanthropy and gifts
- Cross-border estate planning
- Education, training and preparation of next generation
- Emergency measures
- Emigration and immigration
- Estate planning
- Estate taxes and duties
- Family assets; art, portfolio, realty
- Family business
- Family disputes and solutions
- Family Governance and Family Charters
- Family Office
- Foundations and Trusts
- Last will and testament
- Living will
- Marriage contracts, nuptial agreements and matrimonial law
- Personal income tax
- Protection of assets
- Residency
- Structures to hold, control or manage family wealth
- Succession planning and transfer to next generation
- Tax Planning
Why To Incorporate Philanthropic Giving Into Your Estate Plan?
Philanthropic giving can reduce the percentage of Inheritance Tax that must be paid on the estate and is therefore an important part of estate planning. There are many reasons why the inclusion philanthropy into an estate plan can create financial advantages, not only for the charitable beneficiaries, but also for the owner of the estate and their heirs. People who are eligible to pay Inheritance Tax can cut this tax bill quite drastically by leaving a percentage of their estate to charity. Incorporating philanthropic giving into an estate plan can reduce or eliminate liability for paying...
Declaration of foreign assets and income in Belgium
Already since tax year 1997, Belgian tax resident individuals have to declare the existence of foreign assets/accounts they hold with banks abroad. This declaration of foreign assets is to be made in the annual income tax declaration. This means that taxpayers have to “tick the box” to confirm that they hold a bank account abroad and that they have to mention the country where the bank account is held. The tax administration can (subsequently) ask the taxpayer to provide her with all tax relevant information in relation to the declared bank account(s), allowing her to determine the amount...
How to deal with disputes in the family business?
Sound Management and the Family Business A Family business is the pillar of family assets. A special attention should be given to it in a Family Charter. Who manages the Family Business? Family members and/or others? They may be assisted by consultants and advisers. How are Family directors and officers appointed? Are they remunerated? If yes, what is their legal status? Are they employees of the Family? How to remunerate them? The Family Charter should provide answers to these questions. An intricate matter not to be ignored when drafting a Family Charter, is to clarify and set out the...
Family business succession through an Austrian perspective
Family business succession - We all know the topic from numerous books, movies and TV series. Thomas Mann's “Buddenbrooks”, HBO's “Succession” or books about real business families such as the Krupps or Henkel - the rise and sometimes also the fall of these families, their companies and the personal fates associated with them fascinate and move a large number of people. The Importance of Family businesses Whereas some publications just serve the peoples sensationalism (Thomas Mann excluded) the real part of the fascination with family businesses lies in the fact that they are actually an...
