REAL ESTATE
Buying properties abroad is not easy as there is often the risk of being the victim of scams.
The Chianese & Partners studio with its professionalism and commercial knowledge in the international real estate sector, and in collaboration with Beagle Invest one of the best London real estate agencies will direct you to a safe and profitable deal.
We deal with all types of both residential and commercial properties, we assist the customer in all phases of the negotiation of the properties we offer for sale.
TRUST
The Trust is an institution of Anglo-Saxon origin now widespread throughout the world.
Italy, thanks to the “Hague Convention” on the law applicable to trusts since 1 January 1992, not only recognizes the legitimacy of trusts established abroad but also allows them to be established in Italy.
With the Trust, a subject called Settlor entrusts and transfers one or more assets to a trusted subject called Trustee, giving him control and management for the purposes established by the Settlor in the interest of 1 or more beneficiaries.
The situation of the assets in Trust is as follows:
- they are no more than the Settlor who has stripped them of them by placing them under the control of the Trustee, leaving the stage
- are separated from the asset by the Trustee
- they are not yet beneficiaries, they will only be at the end of the Trust
It is important to underline the difference between the patrimonial fund and the trust with a similar function.
With the patrimonial fund, the spouses allocate certain assets to meet the needs of the family.
The limits are:
it must be a marital family and the patrimonial fund lasts as long as the marriage lasts, ceasing following divorce, annulment of the civil effects or death of one of the spouses (except for the effects in favor of any minor children). On the contrary, the trust can also be established by non-spouses and lasts until the term established by the settlor.
Only real estate, registered furniture (vehicles, boats, aircraft) and registered credit instruments can be included in the patrimonial fund. Unlike the trust fund, all types of assets can be part of it, movable (including money), real estate, credits, intangible assets, without limitations.
The assets of the patrimonial fund do not have complete protection against creditors, also creating difficulties for spouses in terms of the burden of proof. On the contrary, the trust assets are segregated in the trustee’s assets and insensitive to the personal affairs of the same and of the settlor.
In this context, Studio Chianese & Partners makes use of the collaboration of ORWELL UNION BANK based in London and New Zealand