Family business succession goes beyond mere reductions in inheritance tax. It is a complex issue that combines all forms of legal issues surrounding a family, including the preparation of a will and the development of an inheritance plan, claims for family business succession deductions and post-deduction management, and the placement into trust or transfer of family property. To devise the most effective family business succession plan, one must be equipped with professional capabilities in all of the aforementioned fields.
The ClassHankyul family business succession team is comprised of the best experts necessary in the development of family business succession strategies, including family law experts experienced in advising on and handling various family law cases in courts, tax law experts who are knowledgeable not only on family business succession deductions, but on the General Inheritance Tax and Gift Tax Act, and company law experts who have engaged in numerous corporate restructurings. Leaders in their own field, these experts come together to provide our clients with the optimal family business succession plans.
Introduction
Major Business
- Development of inheritance plans, including the preparation of wills
- Family business succession deduction claims and post-deduction management
- Advice on the restructuring of family businesses
- Advice on the placement of family business properties into trusts
- Family business succession deduction claims and post-deduction management
- Advice on the restructuring of family businesses
- Advice on the placement of family business properties into trusts
