Over the course of life we are all aiming to preserve gained income through the investments into securities, property or other instruments. Although the primary goal is to generate as much wealth as possible, the future question will be how to preserve and transfer the assets to the heirs.
In this area we work on the levels of personal, family or business goals. We analyse financial goals, existing circumstances and advise on the most suitable solution. As an example, we may advise on the tax burden and other issues, in case of relocating to the foreign country. Although most of the times the job offer overseas sounds appealing, it happens that some of the allowances are not available for the foreign employee. Therefore, the living or child care expenses may not be deducted and dramatically influence the family income. All such tax peculiarities are important to analyse before the life decision is done. We advise on the tax consequences in case of changing the personal tax residency due to relocation.
Asset preservation and succession is the other very important matter over the life time. How to ensure that the assets will be protected from the unlawful actions of the third parties, or distributed among the heirs on specific conditions, or preserved over the years by heirs. All those questions we address in line with the available instruments, such as trust funds. More on trust funds in Czech Republic you may read in our Blog section – Trust Funds in Czech Republic.
Our services are not limited to the above mentioned, we provide consultancy on any matters related to personal finance and assets preservation.
Olena Bokan
Financial Manager, Advisor