Succession, Wealth and Foundations

Succession, Wealth and Foundations

Family means obligation. We build trust.

Careful planning is critical to a successful business and asset succession. We help to bring together even the most diverse of interests both inside and outside the company and owner family, achieving the optimal result – tailored to your individual needs and in constant dialogue with all parties involved.

For many years we have been advising entrepreneurs, owner families and wealthy private individuals on how to structure and secure the succession to their company or assets, also bearing cross-border aspects in mind. This includes advising founders and foundations with family-related or charitable objectives.

We know what arrangements you can use to reduce inheritance and gift tax and how you can simultaneously keep your private and business arrangements flexible.

With an outstanding international and interdisciplinary network of renowned network partners, we are ideally positioned to handle all issues brought by our demanding clients and to find efficient solutions.   

Our range of advice in the field of succession, wealth and foundations includes:

  • Inheritance, corporate and foundation law arrangements and their tax optimization
  • Due diligence under inheritance law
  • Company and asset succession (gifts and bequests)
  • Transfer of assets during lifetime
  • Asset management by family companies and foundations
  • Settlement and administration of estates
  • Marriage and cohabitation agreements
  • Non-profit law
  • Family constitutions, family business governance concepts and family education
  • International and cross-border aspects of inheritance, family, corporate and tax law

In addition, we offer a range of innovative advisory approaches:

Dr. Axel Wenzel<br/>LL.M. (Norwich)

Dr. Axel Wenzel
LL.M. (Norwich)

PartnerAttorney

Konrad-Adenauer-Ufer 23
50668 Cologne
T +49 221 2091 455
F +49 221 2091 333

Am Sandtorkai 74
20457 Hamburg
T +49 40 808 105 523

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Awards

Strong in collaborating with the corporate and tax law groups.

JUVE Handbuch Wirtschaftskanzleien, 2021/22

Further contacts

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Related news

German Federal Fiscal Court about corporate succession: caution still required in case of full exemption

Last year, the German Federal Fiscal Court [Bundesfinanzhof, BFH] ruled that when companies are transferred to the next generation, an application for so-called full exemption can be made for each individual transferred company (= economic unit). It thus rejected the previous view held by the tax authorities (ruling dated 26 July 2022 - II R 25/20).

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New spousal emergency representation law: end of the lasting power of attorney?

The number of so-called “lasting powers of attorney” (Vorsorgevollmacht) in Germany has been rising steadily for years. Nevertheless, the number of people under guardianship due to illness or physical infirmity is increasing. The German Act to Reform Guardianship Law [Gesetz zur Reform des Vormundschafts- und Betreuungsrechts] now aims to strengthen the rights of people who are no longer able to manage their own affairs.

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