Tendensen in Privaat Vermogensbeheer (Trends in Private Estate Management)
Alain Laurent P. G. Verbeke
University of Leuven, Faculty of Law, Department of Private Law; Harvard Law School; University of Leuven, Faculty of Psychology; Tilburg Law School Department of Private Law and TISCO; Catholic University of Portugal (UCP) - Católica Global School of Law; University of Brussels (VUB/ULB) ; Greenille (Attorneys, Notaries and Tax Advisors; Brussels, Antwerp, Amsterdam, Rotterdam)
April 3, 2011
Short memo on some trends in the management of private estate.The financial crisis created the paradox that wealth is even more widespread than ever before. Belgian economy, without a federal government for over a year, is doing astonishingly well, and more people are richer than ever. The crisis enhanced consciousness about money and wealth, creating an increased risk averseness. Insurances are booming and investments are more conservative. This awareness has put pressure on bankers to offer more transparent and accountable services. Finally, estate and tax planning are exploding. Every one in Belgium wants to be "planned." Gifts and donations are a popular device in that respect. However, many common citizens seem to get trapped into such planning without carefully considering whether the donate assets are really "not to have" for themselves. A good solution for 99% of the Belgians would be to exempt inheritance and gift taxes up to a cap of e.g. 1 million euro. Then no succession planning would be necessary.
Note: Downloadable document is in Dutch.
Number of Pages in PDF File: 2
Keywords: Private Estate Management
JEL Classification: K11, K12working papers series
Date posted: July 4, 2011
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