The founder of a publicly listed capital group engaged us to establish a family trust in Liechtenstein to hold the majority of the family’s wealth. The trust’s purpose was to protect against the dilution of ownership in the group, preserve family capital, and facilitate succession planning.
We established the trust in Liechtenstein and obtained a groundbreaking tax ruling confirming that the trust itself was not subject to taxation, with income taxable only at the settlor’s level. As a result, distributions from the trust were deemed tax neutral. This was the first such ruling in Poland.