Life insurance: calculation of surrender value Life insurance companies owe re-bill and back pay – see also article on surrender value of life insurance policies The BGH judgements of 12.10.2005 (Ref. IV ZR 162/03, 177/03, 245/03) and the Constitutional Court with its decision of 26.07.2005 (Ref. 1 BvR 80/95) have a massive influence on the […]
After giving up the rental activity, interest may be payable on loans. If, for example, maintenance expenses (so-called immediately deductible income-related expenses) have been financed with this during the rental phase, the debt interest can be deducted as subsequent income-related expenses in the rental income. Attention: Condition is that it concerns such expenditures which still […]
By Johannes Fiala* With interest rates down, many property owners and business owners want to reschedule to get cheaper financing: Debt restructuring at no cost and no compensation, plus money back from the bank. This is also the dream of many an investor whose capital investments have for years failed to yield what was promised […]
By Johannes Fiala* Property owners, landlords, entrepreneurs and investors have been complaining for years about falling surpluses or profits due to excessively high bank interest rates. But this does not have to be: Because the more than 3% interest rate reduction of the ECB since 2000, the credit institution must often pass on to the […]
*by Peter Schramm (www.pkv-gutachter.de) and Johannes Fiala www.fiala.de) Until 1994, guaranteed surrender values were paid out in German life insurance in the event of cancellation, which were calculated from the actuarial reserve according to the business plan less cancellation deductions. Fair values instead of guaranteed surrender values With the deregulation of 1994, the guaranteed surrender […]
RA Johannes Fiala With interest rates down, many property owners and business owners want to reschedule to get cheaper financing: Debt restructuring at no cost and no compensation, plus money back from the bank. This is also the dream of many an investor whose capital investments have for years failed to yield what was promised […]
RA Johannes Fiala Interest rate reservation: Both decisions deal with the interest rate of loans with variable interest rates, for example with the bank clause in the loan agreement ‘The bank is entitled to change the interest rate if it deems this necessary (…)’. The lawyer calls this an ?interest reservation?, thus a discretion of […]
Insurance companies need to re-bill: The Federal Supreme Court clarified by its three judgements of 12.10.2005 that above all with life insurance contracts, which were locked since the “deregulation” ” thus since 1994″, the insurers owe a recalculation. Incorrect billing in the event of termination and premium waiver: In essence, the issue is that clauses […]
Get your annual profits back from the bank: Because the more than 3% interest rate reduction by the ECB since 2000 must be passed on to you by the credit institution! The Investment: It all started quite simply for investor Heinrich Müller (name changed): His banker granted him credit and arranged an interesting project as […]
More wealth in a planned and controlled manner The own assets in a planned and future-oriented management as well as value-enhancing and risk-optimized investment requires the highest degree of Knowledge and time. Not everyone who has achieved a certain level of wealth is also a financial or controlling expert , so it is advisable to […]
