Isabella
Mon Jun 10 2024
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5 answers
1316
Are there trust funds in Germany?
Could you please elaborate on the existence of trust funds in Germany? I'm curious to know if such financial vehicles are commonly utilized in the country and, if so, what their primary purposes and features might be. Additionally, I'm interested in understanding the regulatory framework surrounding trust funds in Germany, including any specific laws or regulations that govern their operation. Would you be able to provide insights into the popularity and usage of trust funds among Germans, as well as any notable differences or similarities compared to other countries? Thank you for your assistance.
Silvia
Sat Jun 08 2024
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5 answers
1019
Are there trust funds in Germany?｜and German land law does not allow for the transfer of assets located in Germany to a trust. However, such a transfer does not necessarily have to be without effect.Trusts are virtually unknown in German Civil law
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.
