To respond to the complexities and multi-jurisdictional issues of a rapidly evolving world, Banque de Luxembourg assists its clients with tax and wealth management matters at every stage of their lives. Listening, anticipating, being available and providing expertise are the watchwords for successful wealth management and peace of mind in the future.
There are certain pivotal moments in life: whether you plan to share your life with someone, start a family, finance your projects, invest abroad or pass on your wealth. We are by our clients' side to help them face the future with peace of mind. Bernard Goffaux, Head of Tax at Banque de Luxembourg
We are living in an era marked by many profound transformations. "Yesterday's bank has little in common with today’s," says Christophe Delanghe, Tax Expert at Banque de Luxembourg. “Only a few years ago, the main purpose of a bank account was to conduct various financial transactions. Today, clients are looking for more specific answers to particular regulatory questions, often linked to more complex family situations than before.”
It is not uncommon for their families and their assets to be scattered all over the world. For example, families residing in Luxembourg might well hold assets in several different countries. Their children may study abroad and often they stay on and settle. “To respond to the multi-jurisdictional issues that our clients face, we need to have a perfect understanding of the regulations in force in different countries," says Bernard Goffaux, Head of Tax at Banque de Luxembourg. “Whether it’s a question of buying a property in a foreign country or contemplating issues related to inheritance, it is essential to have expert knowledge of the laws in the various countries concerned, especially when it comes to limiting the tax impact of any decision.”
Preparing for each stage of life for peace of mind in the future
It is essential to prepare for the different stages of one's life. To this end, the private banker operates as a close partner to evaluate all the tax and financial consequences of these different stages and to anticipate any pitfalls and difficulties.
“There are certain pivotal moments in life: whether you plan to share your life with someone, start a family, finance your projects, invest abroad or pass on your wealth. We are by our clients' side to help them envision the future with peace of mind," says Christophe Delanghe.
Sometimes, the children, who are direct heirs in the line of succession, participate in the preparation of their inheritance and get involved alongside their parents. "We help organise Family Councils, so that parents and children can discuss the matter together and then we can give them the best advice. These meetings are usually held at the Bank, so that the place is neutral as well as being conducive to discussing financial and tax matters," explains Bernard Goffaux.
There are as many situations as there are families. It is essential to take into account the legal and tax implications that may affect the estate. Regular exchanges between Banque de Luxembourg's Estate Planning department and the family help to serve as a reminder of the importance of careful preparation for these various changes, raise awareness of the impact of life decisions, avoid possible family conflicts, and align the generations and their respective current and future projects.
Support from in-house and external experts
A key feature of a private bank is that it is present throughout the life of its clients, for all questions related to the acquisition, holding or passing on of their private or professional wealth. As a result, private banks often work with families over several generations, offering a very wide range of services that are customised for each case. “We accompany our clients through the important phases of their lives. For example, when there is a change of matrimonial regime, a will or endowment is drawn up, or preparations made for succession and inheritance. We can also put our clients in touch with our network of specialist experts," adds Christophe Delanghe.
Thanks to this comprehensive service, Banque de Luxembourg is a true life partner for its clients, able to guide them towards personalised solutions tailored to each individual, whatever the complexity of their situation. All of which helps towards peace of mind in a fast-changing world.
Our specialists are ready to help
There are certain pivotal moments in life: whether you plan to share your life with someone, start a family, finance your projects, invest abroad or pass on your wealth. We are by our clients' side to help them face the future with peace of mind. Stefania Bidoli, Tax Adviser at Banque de Luxembourg
We are living in an era marked by many profound transformations. "Yesterday's bank has little in common with today’s," says Anne-Lise Grandjean, Tax Adviser at Banque de Luxembourg. “Only a few years ago, the main purpose of a bank account was to conduct various financial transactions. Today, clients are looking for more specific answers to particular regulatory questions, often linked to more complex family situations than before.”
It is not uncommon for their families and their assets to be scattered all over the world. For example, families residing in Luxembourg might well hold assets in several different countries. Their children may study abroad and often they stay on and settle. “To respond to the multi-jurisdictional issues that our clients face, we need to have a perfect understanding of the regulations in force in different countries," says Stefania Bidoli, Tax Adviser at Banque de Luxembourg. “Whether it’s a question of buying a property in a foreign country or contemplating issues related to inheritance, it is essential to have expert knowledge of the laws in the various countries concerned, especially when it comes to limiting the tax impact of any decision.”
Preparing for each stage of life for peace of mind in the future
It is essential to prepare for the different stages of one's life. To this end, the private banker operates as a close partner to evaluate all the tax and financial consequences of these different stages and to anticipate any pitfalls and difficulties.
“There are certain pivotal moments in life: whether you plan to share your life with someone, start a family, finance your projects, invest abroad or pass on your wealth. We are by our clients' side to help them envision the future with peace of mind," says Anne-Lise Grandjean.
Sometimes, the children, who are direct heirs in the line of succession, participate in the preparation of their inheritance and get involved alongside their parents. "We help organise Family Councils, so that parents and children can discuss the matter together and then we can give them the best advice. These meetings are usually held at the Bank, so that the place is neutral as well as being conducive to discussing financial and tax matters," explains Stéfania Bidoli.
There are as many situations as there are families. It is essential to take into account the legal and tax implications that may affect the estate. Regular exchanges between Banque de Luxembourg's Estate Planning department and the family help to serve as a reminder of the importance of careful preparation for these various changes, raise awareness of the impact of life decisions, avoid possible family conflicts, and align the generations and their respective current and future projects.
Support from in-house and external experts
A key feature of a private bank is that it is present throughout the life of its clients, for all questions related to the acquisition, holding or passing on of their private or professional wealth. As a result, private banks often work with families over several generations, offering a very wide range of services that are customised for each case. “We accompany our clients through the important phases of their lives. For example, when there is a change of matrimonial regime, a will or endowment is drawn up, or preparations made for succession and inheritance. We can also put our clients in touch with our network of specialist experts," adds Anne-Lise Grandjean.
Thanks to this comprehensive service, Banque de Luxembourg is a true life partner for its clients, able to guide them towards personalised solutions tailored to each individual, whatever the complexity of their situation. All of which helps towards peace of mind in a fast-changing world.
Our specialists are ready to help
