On June 28, 2019, Dr. iur. Anette Schlenker, German tax-lawyer and Managing Partner of RTS Steuerberatungsgesellschaft, and Serge Hediger, Managing Partner of 1291 Group Ltd., have informed about new structuring opportunities to manage gift and inheritance taxes in Germany. In order to accommodate the strong interest of leading banks, lawyers, wealth planners and independent asset managers, it was decided to hold two sessions. Around 50 business partners participated in the sessions and have received an update on tax compliant Private Placement Life Insurance (PPLI) structures for German tax-payers and the current German inheritance and gift tax rules. If structured correctly, a PPLI in combination with a German company could reduce gift and inheritance taxes significantly. 1291 Group Ltd. advises clients to seek legal and tax advice from a top-tier law firm in Germany in order to safeguard the benefits offered by the German tax law.
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