•1 year
Safe acquisition of real estate without appearing as the owner
I would like to acquire real estate, but I do not want to be its owner for many years. In the future, I would like to transfer the property to a family foundation. A trust agreement does not seem safe to me due to difficulties in "recovering" the property in case of the trustee's death. We have considered with the potential trustee the option of preparing a will with a vindicatory clause, but the trustee categorically does not want his heirs to find out that he bequeathed something to a "stranger". How to most effectively solve this problem so that "both the wolf is fed and the sheep is whole"?
I would like to acquire real estate, but I do not want to be its owner for many years. In the future, I would like to transfer the property to a family foundation. A trust agreement does not seem safe to me due to difficulties in "recovering" the property in case of the trustee's death. We have considered with the potential trustee the option of preparing a will with a vindicatory clause, but the trustee categorically does not want his heirs to find out that he bequeathed something to a "stranger". How to most effectively solve this problem so that "both the wolf is fed and the sheep is whole"?
Show original content
5 users upvote it!
1 answer