Asset and succession planning are a great challenge for many wealthy private individuals and entrepreneurs. Multiple (sometimes diametrically opposed) goals and interests in the private and corporate spheres must be taken into account. The preservation of companies and assets in the next generation is usually the primary goal, but requires optimal legal and tax structuring.
Austrian private foundations are often an important component of succession planning for domestic and foreign companies as well as for private individuals. This raises complex interdisciplinary real estate, inheritance and tax law issues under both Austrian and foreign law. Armenak Utudjian and his team specialise in advising private individuals and entrepreneurs on the basis of their many years of expertise in this complex issue.
The particular focus of this area of advice is on the design and optimisation of corporate governance not only in the foundation itself but also in the associated groups of companies. Another focus is on the transfer of assets held outside the foundation, especially real estate. These challenges call for future-oriented but flexible designs based on the principles laid down by the founder. Individual, confidential and sustainable advice is our special credo.