A new landscape ( with old uncertainties ) for Family Wealth Planning Over the last decade, trusts have become a central tool in Italian family wealth planning, even though the trust is not a domestic civil law institution. Their growing relevance has inevitably...
Trusts are often used for tax and estate planning purposes. They may not work well if a beneficiary is living in or moves to a civil law country. This may be illustrated by an example from real life: A HNWI residing in a common law country set up trusts, including...
For centuries, Dutch families have owned and protected collections of Dutch Masters. Many have done so successfully, safely, and with long-term continuity through a special legal vehicle under Dutch law: the foundation (stichting). Such an Art Fund Foundation can...
Most Liechtenstein foundations function properly. But what if yours doesn’t? What if you don’t feel comfortable with the transparency level of your foundation or if you are uncertain about the actions of the foundation board? If you are a beneficiary of a...
Motivating children of means is a challenge for families around the globe when they come to transferring wealth to the next generation, and is an issue that cuts across cultures and geographies. Many attempt to tackle it by planning for transfers to take place over...
