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Living will
Table of Contents

artax has developed a system in which all privately and professionally important documents and orders are summarized in a document folder under the title “Fruits of Life”. These include the health care power of attorney and living will.

Table of Contents

We make this folder available to our clients so that they have all important information and documents at hand in the event of an emergency or for ongoing orientation and review.

Documentation

  • family, family tree
  • Work, tax, social security
  • Legal succession
  • Wealth
  • Risk prevention, insurance
  • liabilities
  • Other private matters
  • Will/inheritance contracts
  • Orders/powers of attorney/power of attorney
  • living will
  • contingency plan

Living will not available?

75% of Germans have neither a will nor a marriage contract, most do not have a living will or a power of attorney for health care. If so, then the necessary information is not available quickly enough or not at all.

In our world characterized by mobility, this is absurd. From our point of view, it is everyone's responsibility to create a reliable handle for emergencies for themselves and their own family and to update and maintain this in line with the changes in life so that overview and legal certainty are maintained.

Many of our clients have a connection to private international law (IPR) due to their origin or that of their spouses/partners, because they studied or worked abroad or because they have assets abroad. For self-employed people, there is also a reference to international commercial and corporate law. This is also important from a tax perspective, be it with regard to income taxation, gifts, inheritances, etc.

Data update every 2 years

If the required data is available, artax will already enter it or print out the documents and staple them in. Further data will be compiled and completed with you. The work is reviewed together at least every two years so that any necessary measures such as changes to the living will or the will can be taken due to changes in living conditions. Because underage children cannot be treated in the same way as adults in wills. Unmarried children will be integrated into your life system differently than married children, depending on their nationality and marital status. How should you deal with a needy or disabled relative in your decisions? How to protect and provide for a life partner without taxes decimating everything? Can assets or even a company abroad be wiped out if inheritance occurs because these assets are not beneficiary?

Constant ability to act

You should be able to act at any time, even in special events such as

  • Birth of a child or grandchild,
  • Children's wedding or
  • own (re) marriage,
  • Divorce,
  • Job change,
  • Death of a family member,
  • permanent incapacity due to illness, coma or imprisonment,
  • House building,
  • Starting a company etc.

A special occasion is also taking up employment abroad or moving from abroad. In this context, the family's civil and tax situation changes. Private family and inheritance law can also change, while property law generally remains the same as the law that shaped the marriage in the first period of its existence. Few people really know about their own situation. That should change.

Employment abroad

Especially when taking up employment abroad or moving from abroad, you should be able to fully concentrate on your new task and not be unsettled by uncertainty about your own life situation. Companies therefore have a great interest in providing them with security in their private legal and tax matters. The privacy must be preserved. You will therefore hardly want to reveal yourself to your employer. As a law firm committed to legally enshrined and absolutely protected confidentiality and competent in international law, artax is therefore the right contact.

Comprehensive and neutral advice

A good and independent advisor cannot simultaneously sell products such as investments or insurance. This is another reason why artax is the right partner. Because we don't sell you anything, you can't take out insurance or sign investments with us. But we tell you what you should pay attention to and in this way help you choose suitable partners and products.

In addition to comprehensive advice and the life map folder, you will receive an InfoBox with a USB stick on which the essential documents are stored again. This includes, among other things, information about the blood group (in several languages), the organ donation card (if consent is given), a multilingual living will, health care power of attorney and password-protected VPN access to the most important passwords and documents.

Jürgen Bächle
Jurgen Bachle

has been working as an independent tax consultant and expert in international tax law since 1989 and has been a member of the board of the German Association of Tax Consultants Baden-Württemberg, DSTVBW, for over 20 years.

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artax advises internationally active medium-sized companies and private individuals on an interdisciplinary basis in all matters of German and international tax law and related areas as well as in corporate strategy and location issues.

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