Asset Protection: How millionaires are misled by financial planners and consultants

– Why some asset protection leads to poverty or prison –   It is common practice for credit institutions of all kinds and independent advisors to sell “private financial planning” to their clients. This may well cost a few thousand euros in fees – only for the time being, because the damage done in the […]

Capital protection: Why some asset protection schemes lead to poverty or prison

It is common practice for credit institutions of all kinds and independent advisors to sell “private financial planning” to their clients. This may well cost a few thousand euros in fees – only for the time being, because the damage done in the process is often up to more than six figures. Bank(st)ers let it […]

Design tips for prenuptial agreements, settlement of gain and alimony

According to the Federal Fiscal Court, waiver of alimony before marriage is taxable as a gift The Federal Fiscal Court (Bundesfinanzhof, BFH) decided in its ruling of 17 October 2007 (Ref.: II R 53/05) that in the case of a waiver of maintenance prior to marriage, the “consideration” or the settlement amount is taxable as […]