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FORECAST: What you need to know about succession

It is always a dif­fi­cult under­ta­king when a youn­ger gene­ra­tion of a medium sized family busi­ness fol­lows in the foot­s­teps of their suc­cess­ful elder. It is cru­cial to plan and arrange the suc­ces­sion early. Nume­rous ques­ti­ons have to be cla­ri­fied. To name a few: Does the next gene­ra­tion have the will and the abi­lity for suc­ces­sion? Which alter­na­ti­ves to family suc­ces­sion exist? How can the achie­ve­ment of a lifetime be trans­fer­red in a tax com­p­li­ant way? This is espe­cially important in light of the upco­ming deci­sion regar­ding the pos­si­ble uncon­sti­tu­tio­na­lity of the cur­rent inhe­ri­tance tax law in the Federal Con­sti­tu­tio­nal Court. 

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We can help you to reduce the com­ple­xity of suc­ces­sion and con­tri­bute to a smooth change of gene­ra­ti­ons. In our new issue of FORE­CAST, we reveal the chal­len­ges of suc­ces­sion in medium sized family busi­nes­ses and point out nume­rous pro­b­lem-sol­ving approa­ches.

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