International succession and private clients
Growing international mobility, investment and assets spread across different states make questions of succession, the transfer of assets and the planning of family wealth increasingly complex. Private and business assets often intertwine, in particular for entrepreneurs, owners of companies, international families and persons with assets or personal ties in more than one state.
We help private clients and their families with questions of international succession, succession planning and the transfer of assets between generations, and with cross-border probate proceedings and succession disputes. It is essential to identify the cross-border legal and tax questions in good time and to shape solutions that provide legal certainty, protect the value of the assets and allow them to be transferred effectively to the next generation.
Kovač Legal connects succession law with its experience in tax law, corporate/M&A, real estate and dispute resolution. That allows a complete approach to situations in which the estate consists of business shares, companies, real estate or other assets in more than one state, and to questions of the continuity of a family business.
We help clients structure the transfer of private and business assets in good time, taking into account family circumstances, the structure of the assets, business interests and the relevant legal and tax aspects.
Our services include:
- wills and other dispositions upon death
- transfer of assets between generations
- planning the succession to real estate and other private assets
- alignment of succession, corporate and tax aspects
- planning with the aim of reducing the risk of future disputes
- cross-border succession planning
For entrepreneurs and owners of companies, succession is not only a private question. The transfer of business shares and governance rights can directly affect the ownership structure, the management and the continuity of the company’s business. We have experience in corporate/M&A and tax, and we advise on structuring the transfer of business assets to the next generation.
Our services include:
- succession to and transfer of business shares and shares
- transfer of ownership between generations
- continuity of ownership and of the business
- corporate aspects of succession
- alignment of the ownership and governance structure with the planned succession
- connecting succession planning with corporate governance
- tax aspects of business succession
We advise clients in succession matters with an international element, in particular where the deceased, the heirs or the assets are in different states.
Our services include:
- application of Regulation (EU) No 650/2012
- determination of the applicable law
- questions of international jurisdiction
- habitual residence of the deceased
- choice of the law applicable to the succession
- coordination of proceedings and legal questions in more than one state
- European Certificates of Succession
- recognition and enforcement of decisions and instruments in cross-border matters
We advise and represent heirs and other interested persons during cross-border probate proceedings, and we coordinate the legal questions that arise when the assets are in different jurisdictions.
Our services include:
- real estate abroad
- bank accounts and financial assets
- business shares and shares
- other private and business assets
- European Certificates of Succession
- communication and coordination with courts, notaries, banks and other institutions
- implementation of the succession in relation to different types of assets
In international succession we pay particular attention to real estate and other assets located outside the state in which the heirs or the deceased have their habitual residence.
Our services include:
- succession to real estate
- land-registry implementation of the succession
- business shares and other investments
- bank and financial assets
- coordination of steps relating to assets in different states
In international situations we look at succession planning together with the relevant tax questions, and we connect our work with experience in domestic and international tax law.
Our services include:
- tax aspects of succession and gifts
- tax questions in the transfer of assets between generations
- tax aspects of the transfer of business shares and real estate
- cross-border tax questions
- coordination of succession, corporate and tax aspects