Do you ever stop and think about the continuity of your business?
What happens if you can no longer work? With continuity planning, you ensure that your business continues to operate.
It is advisable to consider which civil and fiscal measures can be taken in order to ensure the continued existence of your business. This insight is very important because your plans must take both income tax and inheritance tax law, into account amongst another things. These things should also be reflected in the content of your will. Continuity planning could entail:
This foundation holds the shares of the business. This means that the control goes to the board of directors of the foundation and it disappears from the estate.
Arrangements must be made about the communication between the business and the foundation. The board of directors of the foundation should be kept regularly informed. A quarterly meeting could be sufficient.
Drawing up a plan of action is important for the continuity of your business. Who will be informed when you are no longer there, the order in which this takes place and what will be said in the given circumstances are points which are dealt with in a plan of action.
GMW lawyers has a team of experts in inheritance law and estate planning who can give you the advice you need. If you have any questions, please contact us directly using the enquiry form below or +31 (0)70 3615048. Our inheritance law lawyers will be happy to support and advise you.
GMW lawyers will be happy to help you with all your inheritance issues. Feel free to contact us if you have any legal questions.
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6 January 2025
The validity of a draft will
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Why prepare a digital estate?
At a time when an increasing number of things are taking place digitally, it is important to think about your digital estate. This is a document in which you list what you want to happen to your digital presence after your death. If you do nothing, your digital presence will remain online.
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2 September 2024
Concealing a part of the inheritance
There is a mutual obligation for heirs to inform each other about the extent of the inheritance.
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22 April 2024
Right to reimbursement of gifts and inheritance under an exclusion clause
If you receive an inheritance or gift during your marriage, it is quite possible that the testator or donor has included an ‘exclusion clause’ in their will and/or linked it to the gift.
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5 February 2024
What information does a forced heir receive?
A forced heir needs information to calculate their statutory share. They are entitled to inspect and take copies of all documents they need to calculate their statutory share. What is the extent of this right?
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