In Denmark there are many rules that the individual citizen should relate to in case of an early death in the family. The purpose of this thesis is to describe the rules regarding inheriting and taxation for a small estate of a Danish citizen where the deceased were married, and how these rules are used to optimize the inheritance to the heirs. The law regarding inheritance regulates who is entitled to inherit the deceased and how much they are entitled to. By creating a will the deceased have an opportunity to determine this. In a marriage it is possible to create a prenuptial agreement which keeps track of the ownership of the possessions in the family. The agreement regulates the ownership of the properties, and therefore whether it should or should not be included in the deceased´s estate. There are several ways to probate a deceased´s estate, depending on the size of the estate and the heirs wish. Once ownership, method of probate is established and the deceased´s estate is determined, the estate calculates whether or not it is taxable. In Danish law there is a possibility of tax exemption of various profits if the deceased´s estates assets and net assets are not exceeding DKK 2,595,100. The thesis sets out three different scenarios, all showing how a deceased´s estate is optimized. The scenarios are also showing the consequences and importance of establishing a will and a prenuptial agreement.
|Uddannelser||Cand.merc.aud Regnskab og Revision, (Kandidatuddannelse) Afsluttende afhandling|