- 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
4 Steps on how to transfer the Family Business to next generations
How to transfer the family business to next generations? Timely and proper transferring of family assets requires careful planning and training of successors and documenting the rights and obligations of all family members. This should be based on discussions between qualifying family members in which each express their wishes, worries, objectives and ambitions regarding the family and its joint assets. In this article 4 key steps are described which allow for a successful transfer of family owned assets to succeeding generations. Step 1 - When to start the transfer process and who should...
Swiss Family Foundations: Ensuring Stability, Protection, and Continuity
The Family Foundation is used hesitantly in Swiss succession and estate planning, although in recent years, the establishment of a foundation has been increasingly evaluated again. A robust estate planning ensures a reliable regulation and avoidance of conflicts amongst heirs. In each case, a tailor-made structure must be determined. While a testator may want to commit family assets over several generations to his family, another may seek avoidance of long inheritance proceedings or high inheritance taxes. Yet, other families seek anonymity and asset protection. A foundation may also be...
Tax treatment of dividend in kind in Greece
Recently the dividend in kind has been introduced in the legislative framework of Greek law of Société Anonyme (SA), namely the option that the profits of a company may be distributed in the form of either shares of domestic or foreign listed companies or listed shares owned by the company or any other company asset, apart from cash.However, the Greek Income Tax Code (ITC) does not explicitly refer to the case of distribution of dividends in kind or its taxation. Greek tax perspective of dividend in kind The definition of “dividends”, as per article 36 of the Greek ITC includes any income...
Tax residency in Germany – An Unpleasant Surprise!
Tax residency in Germany Germany is an attractive place to live in the center of Europe and the EU. It is safe, relaxed and highly developed. Its political system is stable and reliable, while its powerful economy is the largest in Europe. Known for its long and rich cultural history, Germany offers a very high standard of living. All these reasons make Germany a favorite destination for foreigners from inside and outside of the EU. However, there is no free lunch! Moving to Germany triggers very often some unexpected tax consequences, which everyone should consider carefully before...
