Succession planning
«Wealth succession marks the final stage in our clients’ journey through the life cycle of their personal and business assets.»
The next generation
Wealth succession marks the transition between two wealth cycles: for wealth holders, it represents the culmination of a structure built up over years or decades; for successors or foundations, it also marks the start of a new phase in the development of the wealth. PCS structures this transition in such a way that the asset base, entrepreneurial capacity and family objectives are preserved, whilst at the same time creating a sound foundation for the future use and further development of the transferred assets.
Every financial and business situation presents its own opportunities for tax, legal and financial planning. The composition of the assets, existing corporate and shareholding structures, the characteristics of individual assets, as well as personal, family and business objectives determine how succession can be optimally structured. A particular strength of PCS lies in its ability to assess these individual circumstances in their entirety, identify the options they present, and utilise them specifically to optimise the transfer.
On this basis, PCS develops an overall structure tailored to the specific asset portfolio. The nature, scope, timing and sequence of the transfers are aligned with the corporate law framework and the desired interests regarding influence, control and provision. Any necessary restructuring is designed to take advantage of tax benefits, reduce tax liabilities and, at the same time, create a sound foundation for the further development of assets and the business.
PCS combines tax planning with the necessary corporate and civil law arrangements and fully implements the succession structure that has been developed. All contracts, articles of association, resolutions and other legal documents are coordinated and integrated into a coherent overall framework.
A particular focus is on succession planning involving the use of trusts. PCS develops transfer structures in which trusts are specifically utilised to pool assets over the long term, stabilise corporate and ownership structures across generations, and make the most of tax planning opportunities. The foundation is not viewed in isolation, but is integrated with existing asset and corporate structures, necessary restructuring measures, and the timing and legal procedures of the transfer to form a comprehensive succession solution.
