A "trust fund" in Italy refers to a legal/administrative institution allowing a person (trustor or settlor) to convey a property to another (trustee). The later will be responsible for managing and controlling the said property in favour of the settlor's purposes, that is to the advantage of one or more beneficiaries.
Therefore, there are three main actors in a trust agreement:
- The settlor establishes and names the trust. Also responsible for executing the trust deed;
- The trustee, this can be a physical or juridical person, who holds and manages the assets;
- The beneficiary, as the name suggests benefits of the trust.
At SIGTAX, we offer trust and private client services in Italy, with regards to real estate, corporate and commercial activities. Our services include probate avoidance, asset protection, wealth management, succession planning, and privacy among many others.
Our expert team of Trustees will act with utmost prudence and provide valuable insight to fully meet every Settlor’s wishes. The secret to our effective asset protection is forward planning. We implement a commercial approach to advise our clients on both cross-border transactions and their most complex transactions within Italy.
When you work with SIGTAX, you are guaranteed legal accuracy, transparency, agility, and highly responsive customer support service. Get a free consultation now!