Common issues for art law include valuation, how to protect and acquire ownership of Intellectual Property Rights in art, cross-border transfer and more.
If you would like to carry on your family business for successive generations and you feel that the retention of such shares is of utmost importance and that you do not want a third-party trustee to interfere with the management of the business, then a PTC or a VISTA Trust may be the solution for you.
The major hurdle is finding the right trustee since there is no standard answer as the wishes of the settlor, family circumstances and asset picture or holding structure can all affect the choice of trustee.
There are different types of trusts for different purposes depending on the settlor’s needs and goals, while the essential characteristic of all trusts is the separation of legal and beneficial ownership.
In the modern days when even chivalry has been pronounced dead by many, trusts remain relevant, especially for those who wish to protect family wealth and plan for succession.
Anyone making a Will should carefully consider how to choose the executor, and whether to put in additional clauses governing the powers and duties of the executor in the Will.
A person’s place of domicile carries potentially significant legal and practical consequences that may not immediately be apparent
What happens to virtual currencies once the owner has passed away? Is an individual able to distribute such assets if he wishes to do so through his will?
If you want a proper way to plan for your succession and ensure your loved ones are looked after in your absence, you need a Will.
Most people plan their succession properly. However, they do not envision the possibility of them ever becoming mentally incapacitated.