"Private Clients" - clients with unique consultancy needs. High-net-worth individuals often have different issues or objectives. Preserving the status for the family and future generations can be particularly important.
Private clients
Advising private clients is a specialised service of GKM Tax and Law that is tailored to the individual needs of high-net-worth individuals. The Firm's founders are well-versed in this segment due to their extensive professional experience at one of the world's most respected firms.
Consultancy in the private clients area encompasses an extensive range of services aimed at protecting, managing, and optimising wealth. The focus is on holistic consultancy that takes into account individual goals, risk appetite and life situations.
"Our Firm places special emphasis on expertise, professionalism, commitment, trust and teamwork to achieve the goals set with you."
Guiding principle of our Firm
This includes not only more intricate tax declarations but also joint discussions on structuring approaches aimed at reducing the anticipated tax burden. In addition to simply calculating the anticipated tax burden, our work involves comprehensive tax planning that takes into account the complex asset structures of high-net-worth clients and incorporates them into the planning process. Our clients also value early inheritance tax planning and considerations regarding generational wealth planning. The transition from income tax planning to inheritance and gift tax planning is smooth. It is often the case with high-net-worth individuals that inheritance tax thresholds prevent a tax-free transfer to the next generation.
Our services in the field of succession planning include not only inheritance tax planning but also the concrete implementation of the agreed measures. These range from drafting wills or preparing the necessary contract documentation all the way to acting as the executor. In this regard, you can fully rely on the expertise of Prof Dr Jürgen Mertes as Certified Executor of Wills (DVEV).
"The focus in succession planning is not always on tax savings. Instead, the avoidance of compulsory portion claims or the preservation of wealth within the family can also be a focus. Our challenge always remains the same: we will work with you to find the optimal solution for your case."
Quote by Prof Dr Carmen Griesel
Together with you, we will also discuss whether the use of asset-holding companies as a security measure or as a means of post-planning might prove expedient in your case. We will also accompany you in transferring your private assets to the target structure. An individually-designed partnership agreement can be an important addition to a sophisticated will.
"The transfer of private assets to the business sector does not automatically produce a tax advantage. The same applies to the use of the legal form of foundation. We will show you that succession planning is much more complex and, as such, must be carefully prepared. This is because each case has its own intricacies that we wish to identify and tackle with you."
Quote by Prof Dr Jürgen Mertes
Feel free to contact us if you are looking for tailored solutions for complex matters such as succession planning or the use of foundations. We will be happy to highlight the differences between family foundations and charitable foundations, while our partners will support you in setting up and managing foundations in Germany and abroad.
Your contact person
- Tax
- Law
Tax consultancy
We understand tax consultancy as a holistic approach that encompasses comprehensive analysis, planning, and optimisation of tax matters for individuals, businesses, organisations and institutions. Ensuring compliance with tax obligations, from financial accounting to tax declarations, is also part of the tax consultancy services offered by GKM Tax and Law.
Tax structuring
As stated in a Federal Court of Justice ruling from as early as 1965: "Whoever has the duty to pay taxes also has the right to save on taxes." To achieve this, the lawyers and tax advisors here at GKM Tax and Law utilise their extensive knowledge to plan and structure your taxes with utmost care and in compliance with all legal regulations. Our goal? Minimise your tax burden transparently and efficiently.
Financial auditing
The area of financial auditing encompasses a huge variety of content. From the audit of the annual financial statements by our associated partners to financial advice matters or the support of M&A deals, GKM Tax and Law offers a whole range of consultancy services.
Private clients
Advising private clients is a specialised service of GKM Tax and Law that is tailored to the individual needs of high-net-worth individuals. It encompasses an extensive range of services aimed at protecting, managing, and optimising wealth.
Corporate law
Corporate law and tax law are inherently linked, as the legal structure of a company has direct implications for its taxes. Changes in the corporate structure can trigger tax consequences, and tax planning requires a thorough understanding of corporate legal frameworks. A holistic view of both legal areas is therefore crucial to reconcile legal and tax aspects and achieve optimal results.
Tax law
The combination of tax knowledge and legal expertise enables us to work out accurate solutions to complex matters. We consider the entirety of tax law and not just individual specialised regulations.
Legal representation
Successful representation in legal proceedings requires expertise, strategic planning, evidence-based argumentation, strong communication and negotiation skills, assertiveness, as well as effective teamwork and resource management. You will find all of this and more at GKM Tax and Law. Our team has an exceptionally high level of experience in the field of successful legal representation, whether in tax court proceedings or in civil and labour law cases.
Contract law and drafting of contracts
Contract law and drafting are essential components of structural tax planning. The goal here is to create clear and fair contracts that consider the interests of all parties and minimise legal risks. Our lawyers will help ensure that previously devised strategies are implemented in the most optimal way possible.
Civil law
Our lawyers will advise, represent, and support you in all civil law matters. This includes, for example, analysing legal matters, drafting legal documents such as complaint letters or contracts, representing clients in court and in out-of-court negotiations, and developing strategies to uphold our clients' interests.