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.
SakuraSpirit
Sat Jun 08 2024
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7 answers
1721
Is trust legal 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
Could you please clarify the legal status of trusts in Germany? I've heard that German land law prohibits the transfer of assets located within the country to a trust. However, does this mean that such transfers are completely ineffective? Also, it seems that trusts are not commonly recognized in German Civil law. Could you elaborate on this aspect and explain how it impacts the legality and practicality of trusts in Germany?
