Liechtenstein Trust – Legal structure
In the case of a Liechtenstein Trust / trusteeship, the settlor transfers assets to the trustee with the obligation to manage them in his own name in accordance with the provisions of the trust deed (trust instrument).
The trust is not a legal entity, but a contractual relationship between three parties (settlor, trustee, beneficiary) and therefore has no legal personality of its own. The trust was enshrined in Liechtenstein legislation a hundred years ago and is largely modelled on the Anglo-American trust. In contrast to Anglo-Saxon law, a Liechtenstein Trust is not limited in time and can be set up for any purpose.
In practice, the Liechtenstein Trust is an efficient vehicle for long-term asset protection, estate planning and business succession. It is internationally recognised as the most flexible and versatile trust model.
The legal institution of the Liechtenstein Trust is internationally recognised and protected. Liechtenstein acceded to the Hague Trust Convention in 2006. Liechtenstein tax legislation fulfils all international standards, in particular those of the EU and the OECD.
With a trust agreement under Liechtenstein trust law, almost everything can be organised in terms of asset management, asset succession planning and asset protection.
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