Management of family wealth / succession

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Management of family wealth / succession Reorganisations: mergers / demergers / transformations Corporate and commercial disputes Strategic tax advice Capital transactions: M&A / Investments / Venture Capital Capital market: Financing / investment funds / IPOs Real estate

List of competencies:

What we do

1. Succession planning / intergenerational transfer

We set individualised business objectives and create succession plans with our Clients.
We analyse the legal possibilities and the tax-economic efficiency of the solutions at hand.
We carry out detailed due diligence (legal and/or tax) on current business ventures in order to identify organisational and legal risks for succession processes and we prepare bespoke, tailor-made succession plans.
We develop concepts to reorganise asset structures in order to seamlessly implement the chosen intergenerational wealth transfer model.
We carry out reorganisations of holding structures using the selected succession model, including both domestic and foreign assets (with particular emphasis on assets located in Luxembourg, Switzerland, Italy, Malta and Cyprus).

2. Family foundations

We agree with the Founders on their preferred concepts for the activities of the family foundation and its Articles of Incorporation, taking into account the foundation’s current and future beneficiaries.
We work out customised business models with Founders who operate business activity within the structure of the Polish family foundation.
We develop unique concepts for the reorganisation of assets with a view to transferring them to a family foundation. We are fully and comprehensively responsible for all legal aspects of these processes.
We set up family foundations (pursuant to the Founders’ instructions) and carry out the processes of their registration in the register held by the District Court in Piotrków Trybunalski.
We provide comprehensive legal support in all the legal and administrative operations within family foundations.

3. Relationship with asset managers

We agree with the Clients bespoke management rules of liquid assets (cash, shares of public companies, other financial instruments)
We support our Clients in selecting asset managers – as we foster long-standing relationships with the best advisor and investment banks in Europe
We ensure ongoing control and supervision of the formal and legal aspects of investment processes – holding the interests of our Clients at heart, we represent them in their dealings with their chosen asset managers
We carry out ongoing monitoring of the legal and tax solutions applied in the EU countries in order to optimise the efficiency of our Clients’ individual assets

4. Financial flows to clients (business owners, beneficiaries of family foundations)

We agree with the Clients on optimised cash flow streams to ensure that our Clients and their relatives’ needs are fully met, taking into account tax burdens affecting the value of net payouts
We prepare the complete legal documentation for the implementation of the chosen flow concept
We ensure the fulfilment of information and reporting obligations to the relevant authorities/institutions that result from the realisation of flows or ownership of assets: e.g. when reporting foreign assets to the NBP, or reporting on the ownership structure of real estate companies

5. Inheritance, donations, family law

We analyse the tax and information obligations of our Clients and that of their family members with a view to developing optimal intergenerational transfer rules
We prepare tax declarations and notifications to other entities resulting from the obligations of individuals and their status in the Family (also as part of international succession planning)
We advise clients on succession planning taking into account elements of succession law and family and guardianship law

How we act / how we work

The key to our success is ongoing contact with the Client and our ability to identify the Client’s holistic wealth management needs. Our consultancy begins with a confidential discussion concerning the Client’s needs and customised, personal goals. Once an initial direction has been taken, we thoroughly audit the family assets and make specific recommendations for further action. The comprehensiveness of the service we provide is clearly demonstrated by the proposed bespoke solutions which account for intertwining tax, business and inheritance laws and precisely identify the needs of the Client and their Family.

Professional experience

We are proud that the most prominent Polish entrepreneurs, who regularly top the rankings of the most affluent people in Poland, have been entrusting the running of their businesses to the Law Firm. The Law Firm has been supporting owners in their strategic management decisions concerning their companies and liquid assets. We assist with shaping investment structures, by creating family foundations and/or holding structures and assisting in prudent corporate governance and control of funds held in bank or brokerage accounts. We advise on intergenerational transfers, in particular by building appropriate legal structures in Poland and abroad, and by determining the manner of transferring both the economic value attributable to individual Family Members and determining long-term business decision-making principles. We incorporate Polish family foundations on behalf of the Founders and act as trustees for family assets as well as executors of wills. We maintain and facilitate access to investment and private banks, asset managers and multi-family office entities in Luxembourg, Switzerland, the US and the UK. We assist in the selection of financial advisers and bankers tailored to the customised needs of the Clients and their Families.

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