– Basic foreign values (ordre public) protect against access to assets – German courts also recognise Sharia law and, where applicable, apply it compulsorily if it does not contradict fundamental German legal concepts – especially the constitution. Conversely, German law is not applied abroad, even if it is fundamentally valid, if it contradicts the fundamental […]
– 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 […]
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 […]
The basic provisions granted by the legislator as a protective shield for old-age provision are not comprehensive. The approach of professional asset protection starts with the consideration of an early division of assets. By separating the professional risks within the framework of a corporation from the private assets, a liability block is created quite legally. […]
Do foreign financial advisors systematically induce tax evasion? Assets abroad – tax liability in Germany If you move your money abroad, for example to an Austrian private foundation or a Liechtenstein family foundation, you can by no means be sure that the world income principle will not force you to declare it in Austria. […]
Investing money abroad could tempt people to break the law MUNICH – Whoever moves his money abroad, for example into an Austrian private foundation or a Liechtenstein family foundation, can by no means be sure that the world income principle does not force him to declare it in Germany. Foreign investment opportunities could downright […]
Scenarios of sudden entrepreneurial succession Succession arrangements at the top of companies are often well planned, especially in medium-sized businesses. However, accidents, illness or death can put a spanner in the works. In the following article, lawyer Dr. Johannes Fiala has therefore dealt with suitable written solutions, but above all with corresponding scenarios. The author […]
For people who invest almost all their assets in a company and family businesses, wealth issues are about preserving substance and targeted asset growth. This also includes planning for retirement and generational transfer, including in the event of a sudden accident or death. However, there are considerable deficits in the SME sector, the far larger […]
Almost completely unnoticed by the entire public, a fundamental reform of the inheritance and gift tax is imminent in 2007. This is like a time bomb for the entire middle class, because the details are only now becoming known step by step. Experts and tax experts, for example from the Association of German Chambers […]
