A German citizen considering leaving their three children their portfolio is looking into transferring it now for tax optimization.[8002759][8018781] To transfer a portfolio to children in Germany, the value of the assets must be below the inheritance tax threshold.[8002759][8018781] The threshold varies depending on the individual's estate tax situation, with a higher threshold for those in a lower tax bracket.[8002759][8018781] If the value of the portfolio exceeds the threshold, the estate tax can be minimized by making gifts during the lifetime of the deceased.[8002759][8018781] It is recommended to consult with a tax advisor to determine the best strategy for the specific situation.[8002759][8018781]