What can be involved in fiduciary asset management?
One of the most frequent questions we receive from clients refers to the subjects suitable for fiduciary asset management – our blog post is intended to provide information on this topic.
Fiduciary asset management may represent a useful solution primarily for those who intend to ensure that their acquired assets are not only safe but can also be assigned to beneficiaries with foreseeable, predictable taxation that allows for planning, without intervention (or even knowledge, in certain cases) of spouses, heirs or third parties. Accordingly, almost everything that qualifies as property may be involved in fiduciary asset management: real estate, moveable property, rights representing assets (such as business shares), or even securities. For example, high-value real estate representing a family heirloom or a prosperous undertaking operated by the family for generations, which may be split up after the founder’s decease, or even jewellery, high-value vehicles, shares or other securities, fine art collections or intellectual property, such as inventions – i.e., almost any moveable or immoveable property may be offered for fiduciary asset management. It is important to know that because the managed asset will become an independent legal subject and taxable entity, the asset involved in fiduciary asset management may fall under more favourable legal and taxation regulations, compared to those not involved.
Agricultural land constitutes a unique case, given that it cannot be legally acquired by way of fiduciary asset management – because the legal institution of fiduciary asset management can hardly be harmonised with the special requirements of land utilisation.
It is visible that fiduciary asset management as one of the most versatile institutions of preserving assets may be applied almost to any of your assets – certainly, with maximum discretion of the fiduciary asset manager and great expertise in asset management.
Moreover, the members of our family business hold years of experience in asset management, as well as a complete legal, financial and administrative background to ensure worthy management and prosperity of assets – at your request, we are pleased to provide information on the optimum fiduciary asset management arrangements best suited to the life situation drawn up by you. Please contact us with confidence.