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Legal Briefing
Billionaires' blues: the UK trust fund issues facing Russia's super rich
Practice Area: Succession Planning and Trusts
Sector: Investment Management
Jurisdiction: Russian Federation
Published: 02 November 2011
Law Firm: Goltsblat BLP
Overview
Trusts are a common part of a personal ownership structure chosen by many Russian high-net-worth individuals. However, trusts are often offered by many providers as "a magic solution" without mentioning some of the potential practical difficulties that the beneficiaries may face.
This article from Goltsblat BLP looks at some of the typical issues that Russia's wealthy elite face when using trusts (in particular English Law trusts) and some of the approaches solving these issues.
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