All articles by Markus Summer

Jul 2014 28

Liechtenstein foundations and trusts for asset protection and wealth preservation

By | Foundations and Trusts, Protection of wealth and family assets | 5 min read

What benefits do Liechtenstein foundations and trusts offer for asset protection and wealth preservation? The advantages of Liechtenstein foundations and trusts for asset protection and wealth preservation include: (1) protection of privacy, (2) no pre-trial discovery proceedings, (3) generally no enforcement of foreign judgments, (4) short statute of limitations and (5) no attachment of the interest of discretionary beneficiaries. Some of us are in a fortunate position where asset protection and wealth preservation are not much of a...

Read More

liechtenstein foundations
Jul 2014 28

Should I use a Liechtenstein foundation as a private trust company for my family trusts?

By | Estate planning, Foundations and Trusts, Protection of wealth and family assets | 5 min read

Many families use trusts as an estate planning vehicle and for wealth preservation. Increasingly, instead of using a trustee company owned by a financial service provider, a private trust company (PTC) is appointed as a trustee. The use of a Liechtenstein foundation as such a PTC offers several key advantages. Advantages of a private trust company However, there has been a growing trend to create a so-called private trust company (PTC) to act as a privately held trustee company only for the trusts of one family. A key advantage of using a...

Read More

liechtenstein