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One of the major objectives of many tax mitigation clients is to ensure that wealth established during their lifetime is not wasted by future generations/circumstances.
To avoid this, tax planning firms can often provide a whole range of 'tailor-made' companies, trusts, foundations and establishments which can be used together with many of the other tax mitigation mechanisms already outlined. In particular, they can often be formulated to allow, whilst the original founder is alive, for initial investment flexibility followed by a fixed structure upon his or her demise. In addition, with the correct advice, asset protection schemes can also legally avoid the forced heirship provisions of civil law jurisdictions.
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