Keep up with the latest news about trusts. From time to time we publish important and interesting news on this page.

Samsung family announces plans to pay off more than $10 billion of inheritance tax

Posted on: 29 Apr

Most of our readers are not as wealthy as the Samsung family, and we do not have inheritance tax in the Czech Republic (yet).

However, this article illustrates the importance of being ready for every eventuality.

One way to protect yourself from any future inheritance tax is to set up a Czech trust or a trust in another jurisdiction – but of course, you need to do that BEFORE any new tax arrives.

Picture credit: HeartlessMind – Samsung heir Lee Boo-jin