The management of family estate is the safest way of protecting:
- the estate from important tax levies, from potentially damaging family arguments and unwelcome heirs,
- your own family from risky and heavy debts.
The individual is free to decide about their own estate whilst being supported and guided so that the necessary conditions are favoured to find suitable tax solutions that aren’t damaging to the pocket of an individual, as well as managerial and administrative solutions that can provide a source of income from the estate itself.
When we talk about estate, we mean all of the possessions belonging to a person or to a family. Both real and personal property has potential profitability providing that it is managed wisely. In order to ensure that the estate provides an income, it is necessary to pass from “passive” to “active” management. Correct management and development of family estate, should prevent financial difficulties whilst allowing it to continue to perform well in the world market.
Correct management of the estate involves constant analysis of the market in order to identify and evaluate opportunities of sale or rent in order to maximise profit, up-to-date checks regarding the affairs of the estate, contractual and fiscal management, relationships with maintenance firms, tenants, those living in jointly owned blocks of flats and the administrators of these flats, local institutions and bodies, legal matters, maintenance and increasing the value of the real estate.
It is necessary to have specific skills in order to manage family estate in the correct way, and only qualified professionals have relevant knowledge of issues regarding tax, architecture, urban areas, maintenance, administration and the law. Depending on whether total or partial management is chosen, the weight of responsibility for either one or several members of the family is a lot lighter or even disappears completely. Professionals, who are given the responsibility of carrying out this job, must be completely trustworthy and in many cases this trust is strengthened by experience of the expert in this sector.
Knowing the requirements of the owners of the estate is the basis for offering targeted interventions that provide complete satisfaction. Every business activity and initiative must be shared, planned and realized with the client.
In view of this, Studio Bocca provides the client with support for the planning and management of family estate through the identification of suitable financial, legal and administrative tools.
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