{"id":8879,"date":"2023-08-01T21:41:50","date_gmt":"2023-08-01T19:41:50","guid":{"rendered":"https:\/\/www.augelegalfiscal.com\/inheritance-planning-part-2\/"},"modified":"2023-08-01T21:41:50","modified_gmt":"2023-08-01T19:41:50","slug":"inheritance-planning-part-2","status":"publish","type":"post","link":"https:\/\/www.augelegalfiscal.com\/en\/inheritance-planning-part-2\/","title":{"rendered":"Inheritance planning &#8211; Part II"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #8f2b2f;color:#8f2b2f\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #8f2b2f;color:#8f2b2f\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.augelegalfiscal.com\/en\/inheritance-planning-part-2\/#Inheritance_planning_%E2%80%93_Part_II\" >Inheritance planning &#8211; Part II<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Inheritance_planning_%E2%80%93_Part_II\"><\/span><b>Inheritance planning &#8211; Part II<\/b><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><span style=\"font-weight: 400;\">Succession, as previously discussed by our company in this blog, is a matter of significant importance but often overlooked. Planning your succession in advance can make it possible, from a transactional point of view, to avoid contingencies among the heirs and, from a tax point of view, to apply great optimizations \u2013 in particular with regard to the payment of rights of succession.\u00a0<\/span><\/p>\n<p><b>However, since there is no inheritance tax or equivalent tax in the Principality of Andorra<\/b><span style=\"font-weight: 400;\">, it is important to note that the tax applicable to the heirs is that of the country of their tax residence, not that of the country of tax residence of the deceased. In this sense, and when referring to inheritance rights in France, it is necessary to remember what is established by the last paragraph of article 750 of the General Tax Code: <\/span><b>the heirs are obliged to pay inheritance rights in France for all assets and rights received by the deceased, whether located in France or abroad, when these heirs have had their fiscal domicile in France for at least six of the last 10 years.<\/b><span style=\"font-weight: 400;\"> In other words, the heirs will not be forced to pay inheritance rights in France when they have established their tax residence abroad. This temporary condition makes prior succession planning even more important for future heirs domiciled for tax purposes in France.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Of course, each succession procedure is different and the casuistry on this subject is wide \u2013 particularly in relation to the type of assets transmitted during each succession which, if necessary, may continue to be subject to French inheritance rights despite compliance with of the conditions set out above. Consequently, it is essential to initiate this planning in the right time.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thus, the intervention of various jurisdictions, including Andorra, and adequate and professional advice guarantee your heirs great transactional and tax advantages.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Our AUG\u00c9 HOLDING GROUP, through its professional company AUG\u00c9 LEGAL &amp; FISCAL, offers inheritance planning consulting services from a civil and tax point of view, while having the best multilingual team and lawyers practicing in Andorra, France and Spain.<\/span><\/p>\n<div class=\"elementor-element elementor-element-d15786e elementor-widget elementor-widget-text-editor\" data-id=\"d15786e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n<div class=\"elementor-widget-container\">\n<div class=\"elementor-text-editor elementor-clearfix\">\n<p><strong>Marcos Sutil<\/strong><\/p>\n<p>Tax Department<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"elementor-element elementor-element-e1f400d elementor-widget elementor-widget-text-editor\" data-id=\"e1f400d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n<div class=\"elementor-widget-container\">\n<div class=\"elementor-text-editor elementor-clearfix\"><span style=\"color: #800000;\">Aug\u00e9 Legal &amp; Fiscal<\/span><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Inheritance planning &#8211; Part II Succession, as previously discussed by our company in this blog, is a matter of significant importance but often overlooked. Planning your succession in advance can make it possible, from a transactional point of view, to avoid contingencies among the heirs and, from a tax point of view, to apply great [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8862,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11],"tags":[],"class_list":["post-8879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-auge"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/posts\/8879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/comments?post=8879"}],"version-history":[{"count":0,"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/posts\/8879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/media\/8862"}],"wp:attachment":[{"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/media?parent=8879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/categories?post=8879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.augelegalfiscal.com\/en\/wp-json\/wp\/v2\/tags?post=8879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}