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Excuse me, I have a question regarding trust funds in Germany. I've heard that German land law prohibits the transfer of assets situated within the country to a trust. Does this mean there are no trust funds operational in Germany? Or is there a way to circumvent this restriction and still establish a trust with German assets? Additionally, I've also heard that trusts are virtually unheard of in German Civil law. Could you please elaborate on this matter and explain the legal standing of trusts in Germany? Thank you for your assistance.
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