POELLATH advises on estate with extensive art and foreign assets

The estate settlement was based on a differentiated succession plan, which also included a charitable foundation.

In addition to the assessment of a large number of inheritance law and tax issues, it was also necessary to submit a comprehensive inheritance tax return in the USA.

By applying the existing double taxation agreement and obtaining recognition of the charitable status of the foundation, a US tax burden could be prevented.

POELLATH advised with the following team:

• Dr. Andreas Richter (partner, private clients & foundations, Berlin / Frankfurt aM)
• Erik Muscheites (counsel, private clients & foundations, Frankfurt aM)
• Dr. Laurenz Martin Lipp (senior associate, private clients & foundations, Frankfurt aM)