Basically, the rule is: The younger the “giver”, the more flexible the possibilities to organise the inheritance. The older you, the entrepreneur, are, the more important it is to sort out your succession provisions.
However, I always make sure to include exit solutions to safeguard your interests at all times. In other words: you can always change the provisions if your succession plans happen to change.
Step 1: We record the legal and actual family circumstances.
Step 2: We draw up a family chart stating who has inheritance rights and who has a right to a compulsory portion.
Step 3: We prepare initial possible solutions with a breakdown of what impact this would have on the inheritance tax.
Step 4: I sketch out the initial approaches and record your personal wishes and objectives.
Step 5: We undergo more detailed work on one or more concrete solutions.
Step 6: We present you as our client with concrete solutions and detailed explanations. We also make a note of your change requests.
Step 7: If you agree, we finalise the concept.
Step 8: We commission lawyers and notaries or you implement the concept within the company. Negotiations with banks, family members etc. take place.
Step 9: I implement your succession plan according to your wishes.
