Subscription rights of life insurances – special features in the event of death, separation, divorce and insolvency

Many a policyholder decides too late on the possible change in the subscription right of his life insurance policy(ies). It is therefore important to think about the possible consequences at an early stage. The authors pointed out seven specific pitfalls. Red.   If the policyholder instructs his broker to change the subscription right, it is […]

Planning replaces chance with error

Death, divorce and insolvency – What happens to life insurance? Some policyholders (VN) decide too late that they would like to change the subscription right of a life insurance policy(ies). If the policyholder instructs his broker to make the change, it is important that this is regularly done in writing in accordance with the insurance […]

Black money and the consequences

Tax evaders face prison sentences starting at 50,000 euros Let’s not kid ourselves: Hunting and guns are popular men’s toys, and that’s where a lot of black money is spent by our customers, because they can’t put it into the regular economic cycle or – far more often – because the wives aren’t allowed to […]

White wash black money

Criminal offers from some financial houses. Why only the voluntary disclosure leads to the goal with assets over 50,000 euros.   There was no need for a political verbal attack on black money. This is because the ruling of the Swiss Federal Administrative Court of 5 March 2009 had already made “fi shing expeditions” possible […]

Criminal tax fraud or money laundering with the help of foundation trustees and life insurance companies

Johannes Fiala, Peter A. Schramm It is the responsibility of the capital investor to have “tax saving models” examined independently of “fee and commission interests” before making an investment decision. Because even re – nommierte credit institutes arrange dubious investment models until today. Seit Jahren schreiben Steuerfahndungsstellen Bundesbürger wegen „Ermittlungsverfahren nach § 208 Abs. 1 […]

Sales risk: Closed-end investments with trust structures

*by 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 (Univ. of Cooperative Education), Banker ( “Most transportation taxes, including sales taxes, have no deeper purpose than to bring money to the state.” Federal Fiscal Court (BFH), in: BStBl 1973, p.96 From […]

Post-mortem allowance Succession planning and pension provision

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 […]