The family pact as a new instrument in the Belgian Estate Planning
On 1 September 2018, the new succession law entered into force. Among other things, the new succession law reduces the reserved share and simplifies the obligations to restore and account for gifts. Highlight of the new succession law is the “family pact”, allowing parents to divide their estate between their children in full transparency and with legal certainty.
Barbara Albrecht gives an overview of the changes brought by the new succession law of 2018 and how the “family pact” can be used as a new instrument in modern Belgian estate planning in the latest Kwartaalbericht Estate Planning.
You can read the article (in Dutch) here.