Estates and estate planning
If you don’t arrange things in advance, the legislator will decide what happens to your estate when you die. If you realise this early enough then you’ll be the one in charge. Our notaries can help you draw up a last will and testament that meets your requirements. Of course, our lawyers and notaries can also help you when you are winding up an estate, either as administrator or executor of the will.
ASSET AND ESTATE PLANNING
If you are interested in transferring your assets in a systematic and tax-friendly way to your beneficiaries, while maintaining your authority, our certified estate planners can offer you advice and assistance. The can outline the most cost-effective path for you and proactively watch out for changes in legislation, tax laws and case law. With us, the responsibility for your assets is in trusted hands, now and for the future – even if your personal circumstances change.
What happens if you are temporarily or for a longer term unable or unwilling to make your decisions yourself? Will your partner be able to arrange your business for you or can others do it for you? Are your instructions for covering such a situation clearly laid down and known to your kin? And more importantly, can your next of kin carry out these instructions and do they have the necessary, legal authority? You can arrange all these matters in a living will. Compiled and laid down by the notary, your living will states who you authorise to undertake your business for you. Ask your EPN* notary for more information.
*Association of Estate Planners in the Notarial Profession (EPN)
SAVINGS IN INHERITANCE TAX THORUGH WILL
Attention in the media (such as on the Dutch TV programme Radar) has recently been given to the deduction of inheritance tax for surviving spouses. For instance when children are heirs ‘on paper’ but cannot claim their share in the inheritance, the law states that the surviving spouse should pay the inheritance tax. This can prove extremely disadvantageous, particularly if the majority of the inheritance comes from the value of their own home. In some cases, a mortgage will even have to be taken out on the home in order to be able to pay the inheritance tax. Other cases may even necessitate the sale of the home. You can avoid this undesirable situation by arranging your business while you’re alive. By drawing up a good will, you can ensure that your partner or spouse does not have to pay inheritance tax. Different legal options exist as part of what is known as the ‘two-step testament’ and the ‘flexible choice testament’. Both options can save you a lot of money, but they also include a number of catches and have to be tailored to your personal situation. Make an appointment with one of our specialised notaries to make sure your spouse isn’t burdened with worries and that assets aren’t unnecessarily lost to tax.
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