POELLATH advises executor on the settlement of the estate of an UHNWI

POELLATH advised the executor of an UHNWI on the settlement of the estate.

POELLATH’s advice to the executor with regard to the tax obligations included the inheritance tax notification obligations such as the notification of the subsequent acquisition within the scope of the test of need scheme of Section 28a Inheritance and Gift Tax Act. Furthermore, POELLATH prepared the income tax return of the deceased and the inheritance tax returns of the heirs. The work on the inheritance tax returns centred around the valuation for tax purposes of the deceased’s assets, which included various shareholdings.

In the context of the German Probate Court proceedings and the execution of the will, the primary support consisted of the compilation of the comprehensive estate inventory.

Furthermore, POELLATH assisted in the distribution of individual estate items, which required clarification of some corporate law issues and changes of shareholders in different companies.

POELLATH advised the executor with the following team:

• Dr. Martin Liebernickel (partner, private clients & foundations, Frankfurt aM)
• Dr. Marcel Duplois (counsel, private clients & foundations, Frankfurt aM)
• Dr. Michael Feldner (associate, private clients & foundations, Berlin)