Investing Money: Passing on a Portfolio - How to Make it Easy for Your Children
If you want to bequeath a depot, you should make some provisions. Otherwise, it can not only be tedious for the heirs, but also expensive.
Inheriting a securities portfolio requires forward-thinking planning to minimize taxes and ensure swift access to the portfolio. To achieve this, individuals can take steps such as granting powers of attorney, making early donations, and transferring the portfolio to a single person. A bank-approved power of attorney can enable the beneficiary to access the portfolio immediately after the owner's death, avoiding delays that can occur while waiting for official documents.
Additionally, transferring a portfolio to a single heir or making early gifts can help avoid complications and taxes, with parents able to transfer up to €400,000 to each child every 10 years tax-free.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
