Wolf Theiss

PRIVATE CLIENTS

As regulations become more complex and life more international, individuals such as you require increasingly complex advice; often involving cross-border elements. That's why private clients come to us. Our private client team helps you as a high-net-worth individual and your family to grow your business and wealth. We understand that every private client has individual needs, and we have the size and expertise to provide you with a full range of legal and tax-related services throughout the CEE/SEE region. Our clients are individuals, family offices, foundations, trusts and closely held businesses.

We advise you on civil law (family law, inheritance law), public law (citizenship, land transfer restrictions), tax law, real estate law and corporate law. We can assist in drafting your will, negotiate a prenuptial agreement or handle immigration and relocation issues. We offer comprehensive management of and advice on assets and investments in our region, particularly real properties, companies but also movable assets, such as executive aircrafts or yachts. We represent you in negotiations with tax authorities, in disputes over the restitution of property or assets, and before administrative, civil and criminal courts.

Contact
Niklas Schmidt
Niklas
Schmidt
Partner
T. +43 1 51510 5410
F. +43 1 51510 665410
Schubertring 6
1010 Vienna
Austria
Karl Binder
Karl
Binder
Partner
T. +43 1 51510 5403
F. +43 1 51510 665403
Schubertring 6
1010 Vienna
Austria
Areas of Specialisation


Family businesses

The private client team has long experience in advising family businesses on commercial, property and tax matters. In many cases we accompany clients over years and understand the sensitivities surrounding their business as well as the interplay between the estate, the business and the existing wealth management structures of the family. Since not only family interests need to be considered but also the interests of your company and its employees, we always look for the best solution in each individual case.


Austrian private foundations

A private foundation can be used to protect assets for the future, avoid splitting up family wealth, support family members, and for charitable donations. We help in drafting foundation deeds and setting up internal governance structures which best suit your goals, give clear guidelines and less room for disputes. Often a private foundation is the (principal) shareholder of a family run company, and here our corporate specialists can step in and offer advice on all relevant fields of corporate law and asset management.


Wealth structuring and succession planning

We structure private assets to best preserve your wealth now and for future generations; whether through domestic or international asset holding structures, foundations, trusts or funds. We advise on life-time wealth transfers, inheritance after death as well as on generation skipping plans. We work closely together with international experts and offshore lawyers. Our aim is to find the best solution for the disposal of wealth and minimisation of taxes, and to put in place suitable governance arrangements to help avoid family disputes. As families become increasingly international, your family members may have different nationalities or reside in several countries. They may own assets in multiple jurisdictions or invest internationally. Our lawyers are practiced in international probate issues, the drafting of wills and contracts covering more than one jurisdiction, and the interplay between the succession laws of different countries.


Real estate for private clients

Buying, selling and managing luxury real estate, whether as a personal residence or an investment, has to be considered carefully. Some of our clients own properties valued at several hundred million Euros, and some even several billion Euros. Our real estate specialists advise you on financing, purchasing and selling property and real estate portfolios. We know the right people in the field to find or market these. We also assist in real estate management; from the conclusion and termination of rental agreements to the preparation of the necessary paperwork and communicating with local authorities.


Private client tax planning

The focus of effective tax planning lies on the improvement of the individual tax situation and the protection of wealth from taxation risks. We offer you advice in all aspects of personal taxation in a national and international context, including on income tax, capital gains tax, real estate transfer tax, foundation taxation, gift and inheritance tax and advice on the use of double tax treaties. We can also assist you with the international tax planning of high-value assets such as villas, boats and planes. The team has extensive experience in fiscal criminal law and can advise you on the filing of voluntary self-disclosures in connection with unreported bank assets. Learn more about our Tax practice.


Private client public and administrative law

As professional life today frequently requires spatial flexibility, (permanent or temporary) cross-border relocations and dual residences are not unusual. The residency of an individual, and also of trusts and companies, is a key element in tax and succession planning. Our private client team can assist you in all residence und relocation aspects including help with your work and residence permits, as well as with naturalisation, immigration and citizenship matters. Learn more about our Regulatory & Administrative Law practice.


Family law

We offer high-net-worth individuals comprehensive support in family matters. Our private client team can advise you on divorce, relationship breakdown and child custody and has particular experience in marriages involving business or international issues. In cases where your spouse is a multinational and/or assets are situated abroad we draft marriage contracts which provide legal certainty for all relevant jurisdictions.


Philanthropy and charitable giving

For wealthy individuals and families, contributions to good causes can be the culmination of your life's work. Philanthropic aims and activities can also become the uniting focus of your family. There are many different ways to support a worthwhile cause; from supporting an existing charity to establishing a new charitable foundation to achieve a very specific philanthropic aspiration. We advise you on all aspects of charity law, the establishment and administration of charitable foundations and non-profit organisations and the related tax optimisation.


Private client dispute resolution

When they occur, disputes between shareholders of family-controlled businesses are invariably complex and often painful for all involved. Particularly sensitive are disputes between heirs or between heirs and those entitled to statutory portions of an inheritance, between beneficiaries and the board of directors of a private foundation, and of course between partners in the course of divorce proceedings. Wherever possible we try to diffuse a conflict at an early stage. Where no internal resolution is possible, we aim to achieve the best possible outcome in any court proceedings. Learn more about our Litigation practice.

Press Releases

Newssquare  Wolf Theiss Supports Young Lawyers’ Career Development

Warsaw, 14 March 2018 – Members of the Wolf Theiss Warsaw team attended the Law Career Fair (Prawnicze Targi Praktyk i Pracy) on March 13, presenting...

Client Alerts / Newsletters

Newssquare  COVID-19 Logbook: Romanian Legal Updates – Day 17 – 2nd April: Healthcare/Employment

The State measures aimed at limiting the effects of the pandemic continue with a relaxation of the regulatory authorization process of the medical...

Newssquare  COVID-19 Logbook: Romanian Legal Updates – Days 12-16 28th March – 1st April: Healthcare/Banking/Employment/Fiscal

As the emergency status continues in Romania a long list of measures have been taken in the last recent days. As such, the Government established a...

Newssquare  COVID-19 Logbook: Romanian Legal Updates – Day 10-11 – 26th-27th March: Healthcare/Banking and Finance/Dispute resolution/Competition

As the emergency status continues in Romania: (i) the Judges section of the Supreme Council of Magistrates ("CSM") has decided to step in to unify the...

Newssquare  COVID-19 Logbook: Romanian Legal Updates - Days 8-9 – 24-25 March: Social/Banking/Employment/Competition

We continue our COVID-19 Logbook: Legal Updates series and we follow up today with measures taken by the Government to limit the movement of people....

Newssquare  COVID-19 Logbook: Legal Updates - Day 5-7

We continue our COVID-19 Logbook: Legal Updates series and we follow up today with measures taken by the Government as to boost the business...

Newssquare  COVID-19 Legal update – Czech Republic

As of 12 March 2020, a state of national emergency has been declared in the Czech Republic by a decree of theCzech government (No. 69/2020 Coll.) for...

Newssquare  HUNGARY: NEW LENDING MARKET PROVISIONS DUE TO COVID-19

Due to the COVID-19 outbreak, the Hungarian government has declared a state of emergency as of 11 March 2020. On 18 March 2020, the Hungarian...

Newssquare  COVID-19 LOGBOOK: ROMANIAN LEGAL UPDATES - DAY 3&4 – 18&19 MARCH: SOCIAL/EMPLOYMENT/CORPORATE/TAX

As the next round of our regular coverage on the rapidly changing situation in Romania, we follow up today with updates on the new Military Ordinance...

Newssquare  COVID-19 Logbook: Legal Updates - Day 1&2

COVID-19 Logbook: Legal Updates is an initiative undertaken by the Bucharest Office of Wolf Theiss as to keep all clients, partners and the Romanian...

Newssquare  THE COVID-19 LAW - AUSTRIA

Austria has implemented a range of laws and regulations to address and mitigate the adverse consequences of Covid-19 (the "Covid-19 Law"). The...

Newssquare  Romanian Law Implementing The GDPR Has Been Submitted To The Senate

On March 14, 2018 the Romanian law for implementing measures on EU Regulation no. 2016/679 on the protection of individual rights with regard to the...

Newssquare  Trading Bitcoins Subject To Taxation In Poland

On 6 March 2018, the Administrative Supreme Court (NSA) issued the first ruling concerning taxation of income made from trading bitcoins by...

Newssquare  Bulgaria Joins The EU 'AMLD IV Implementation' Club

Yesterday, the Bulgarian Parliament adopted the Anti-Money Laundering Act (in Bulgarian: Закон за мерките срещу изпирането на пари). The Act...

Newssquare  Polish Employee Capital Plans

On February 8th, 2018, the Polish Ministry of Finance released the long-awaited first draft of the bill on employee capital plans (Ustawa o...

Wolf Theiss Guides
No search results found.

Find a Lawyer

Top