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The (Non) Recognition of Trusts in Germany

Volume 2 No 7   /   Read Article

By Alexander Fürwentsches (guest author)

Have you ever thought of using a trust to hold property for the benefit of a German resident or to hold property in Germany? Your first roadblock: Germany is a civil law jurisdiction that does not recognize common law trusts. However, the path need not end there. Guest author Alexander Fürwentsches of Baker Tilly Roelfs, in Munich, explains the pitfalls and possible benefits.  See more →