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 […]
Why additional private provision is no guarantee of good care in old age In Germany there are currently 2.5 million people in need of long-term care. About 70% are cared for at home. The benefits of the statutory long-term care insurance in Germany are mostly at the level of a partial cover insurance. Better […]
An advisor to private wealth clients is familiar with “anticipated inheritance.” Every ten years, the usual allowances for spouses and children – via chain gifts also from grandparents to grandchildren can be used. What is less well known is that this inheritance tax ten-year rule can also be applied after death. This also multiplies the […]
*by Dr. Johannes Fiala, Lawyer (Munich), Mediator (Univ.), MBA Financial Services (Univ.Wales), MM (Univ.), Certified Financial and Investment Advisor (A.F.A.), EC Expert (C.I.F.E.), Lecturer in Civil and Insurance Law (Univ. of Cooperative Education), Banker (www.fiala.de) You can’t solve a problem with the same mindset that created it. (Albert Einstein) Also renowned offerers of closed participation […]
(finest.finance! ISSUE 06/06 December/January, p. 20 ff.) LEGAL AND S T E U R E B E C A U S E O F B A N K S GERMANY AND SWITZERLAND IN COMPARISON From a bank client’s point of view, it is a relief to be able to obtain the desired services from a […]
