Family assets and the company’s assets often create a challenge. This is not least due to the fact that this is a sensitive topic, where the consequences of one’s own passing must be clarified.
However, early, forward-looking planning makes sense, especially for the relief and protection of the heirs, who are usually the next of kin. It is up to the testator to arrange the allocation of assets in such a way that there are no disputes between the heirs about the estate. In addition, early planning can keep the tax burden on the heirs as low as possible.
Nevertheless, it is also advisable for the testator to draw up a will in his or her own interest. This is because only during one’s lifetime can one’s own will be expressed in such a way that it must be observed in an unambiguous manner beyond death. In order to regulate the allocation of assets after death in this way, the testator’s own decision is necessary. Otherwise, the statutory succession takes effect, which is often in conflict with the testator’s own ideas about the allocation of assets. When making this decision, the testator has a wide range of options. These options must be used in such a way that the last will can be fully applied after the testator’s death.