•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"?
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For a higher value of real estate, one could consider setting up a simple joint-stock company and purchasing the property through it, as it is relatively easy to hide the data of shareholders. However, the downside will be the costs of running such a company. I am not an expert, so this would need to be discussed with an accountant.
For a higher value of real estate, one could consider setting up a simple joint-stock company and purchasing the property through it, as it is relatively easy to hide the data of shareholders. However, the downside will be the costs of running such a company. I am not an expert, so this would need to be discussed with an accountant.
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