All articles by Vera Niedermeyer

Statutory Succession and Last Will – What is What?

By | Succession planning and transfer to next generation, Last will and testament, vera niedermeyer, Dirk W. Kolvenbach, Gerd Kostrzewa | 6 min read

Statutory Succession and Last Will Many property owners as well as owners of other assets ask themselves whether it is advisable to make provisions for their own death, or whether it is better to simply leave succession to the (German) law. Nevertheless, the ability to take such a decision in an informed manner requires knowledge of the rulings contained in the law. Only those who know the statutory mechanisms can achieve an optimum balance between the actual as well as the legal alternatives of the available structuring modalities. The...

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Statutory Succession and Last will

Underestimating the Accrual of Inheritance with Foreign Assets: A Common Mistake

By | Estate planning, Succession planning and transfer to next generation, vera niedermeyer, Dirk W. Kolvenbach, Gerd Kostrzewa | 3 min read

Accrual of inheritance involving assets abroad often underestimated An international accrual of inheritance is given when for example a German testator holds assets abroad or vice versa a foreign testator holds assets in Germany. Due to the different national regulations in each country the international assets of e.g. Germans involve significant civil and fiscal-law risks if not structured carefully. Therefore it is advisable to concern oneself with this subject during one's lifetime and to take corresponding measures if possible. The...

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Inheritance, accrual of inheritance