Private individuals

Asset handling and inheritance planning

These days it is essential to manage your personal assets properly. This will give you:

  • protection of your personal belongings against third-party lawsuits of any kind, especially in the face of ever-widening powers of tax authorities ;
  • separation of your private from your professional assets, ensuring that risks associated with your professional activities pose no threats to your personal well-being, or that of your family ;
  • organisation of your marital and family affairs in order to preserve the interests of every family member, especially those belonging to combined step families or successive marriages ;
  • continued existence of your business after its succession to people whom you have chosen ;
  • minimised impact of inheritance taxes which in some circumstances can be particularly burdensome.

To be truly effective, this organisational planning must be tailor-made. When it comes to your succession, it also has to be executed as quickly as possible. It will take into account the degree of complexity of your personal affairs, the spread of your capital assets and of your family members, your short- term and long-term goals and, of course, the currently applicable laws. On a case-by–case basis, this planning will employ simple techniques such as gifting, to more sophisticated mechanisms such as setting up a trust or foundation.

Running professional businesses

For most people, running a business is their principal source of income. In our country, however, taxation and special taxation are heavily penalising this income, particularly if the business is run by a private individual. It therefore becomes vital to set up a taxation optimisation plan in order to lighten this fiscal burden as much as possible. Set up with due observance of what is required by law, this plan will draw upon every available possible advantage: personal benefits, group life insurance, private pension plans, share options, etc.

For business activities run by self-employed professionals, including managing directors, tax optimisation will often follow the route of setting up a company. Companies of this kind often benefit from more favourable taxation, and they also make it possible to set up entirely separate capital assets for running the business, a scheme is beneficial both at taxation level and also safer where civil liability is concerned.