How a pair with three youngsters makes their will | EUROtoday

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MSometimes an accident can have useful penalties. That's what occurred to Hans-Jürgen Schmidt just a few years in the past when he fell six meters into the depths and solely barely survived. He was within the hospital and in rehab for 3 months. Then he realized: Life might be over shortly. He was not ready for such a scenario. He had neither issued crucial powers of legal professional for his spouse nor drawn up a will. “I decided to change that,” he says in the present day.

Dirk Scherff

Editor within the “Value” division of the Frankfurter Allgemeine Sonntagszeitung.

Now he has his head free to deal with it. Time can be a bit quick, he’s now 64 years outdated and he might be retiring in precisely one 12 months. He asks himself: “How do I pass on my assets correctly, which will should we make?” What will adequately shield the surviving partner, trigger the least taxes and keep away from disputes between the three grownup youngsters over the inheritance? And does an early reward to the offspring make sense?