To own family businesses and thus avoid inheritance taxes.

  To guarantee payment of money or individual asset distribution to members of one or more families for their subsistence, education and other living expenses, or as a mechanism by which their children/grandchildren may partake in their parents/grandparents' earnings. In Europe, Private Foundations for the aforementioned purposes are known as “Family Private Foundations”.

  To make scientific, humanitarian, philanthropic, religious or charitable donations or to manage funds reserved for these purposes.

 To protect disadvantaged persons, at a risk.

  For the benefit of family members, other persons or institutions. Multiple purpose Private Foundations are known in Europe as a “Mixed Private Foundation”.

  To act as the administrator of employee benefit schemes and employee pension plans.

  As a substitute for a will, thus avoiding complicated inheritance and costly probate procedures.

  As a vehicle for owning patents and intellectual property and for receiving royalties and other forms of associated income.

  As a vehicle for investing in time deposit accounts, stocks, bonds or other securities.

  As a vehicle for owning real estate or valuable art work.

  For any asset protection purpose.

Disclaimer: While every effort has been made to ensure that the details contained herein are correct and up-to-date, this information does not constitute legal or other professional advice. We do not accept any responsibility, legal or otherwise, for any error or omission. Please contact us to clarify any questions you may have..