How to use a personal fund
Posted: Sun Jan 19, 2025 10:46 am
In one of the funds, a Fund Council was created - a collegial body, similar to a general meeting of participants/shareholders in commercial organizations. It controlled the activities of the manager, gave approval for major transactions.
After the founder's death, the Council was given tunisia telegram database the authority to change the sole executive body. The position of protector was also established in the fund. This is a trusted person who monitors the manager and the Council for compliance of the fund's activities with the will of the founder.
Important: beneficiaries cannot enter into the organization’s management bodies.
A personal foundation becomes the sole owner of the property transferred to it, which ensures protection of such property. For example, this property is not involved in personal bankruptcy proceedings after the expiration of the deadline for bringing to subsidiary liability. A personal foundation allows you to achieve confidentiality by maintaining distance from the real owner. This format can be used if you need to divide assets or protect them.
The fund allows for a flexible inheritance scenario, deviating from the norms of inheritance law according to the algorithm chosen by the founder. The fund cannot be passed on by inheritance, and the property under its management is not divided between obligatory heirs.
After the founder's death, the Council was given tunisia telegram database the authority to change the sole executive body. The position of protector was also established in the fund. This is a trusted person who monitors the manager and the Council for compliance of the fund's activities with the will of the founder.
Important: beneficiaries cannot enter into the organization’s management bodies.
A personal foundation becomes the sole owner of the property transferred to it, which ensures protection of such property. For example, this property is not involved in personal bankruptcy proceedings after the expiration of the deadline for bringing to subsidiary liability. A personal foundation allows you to achieve confidentiality by maintaining distance from the real owner. This format can be used if you need to divide assets or protect them.
The fund allows for a flexible inheritance scenario, deviating from the norms of inheritance law according to the algorithm chosen by the founder. The fund cannot be passed on by inheritance, and the property under its management is not divided between obligatory heirs.