<p>Issues of assets inheritance are always one of the most important and most controversial.</p><p>For example: father and the head of the family are the owner of a Cyprus company, on whose balance sheet the energy company and the bank shares were located. He has two grown-up daughters and a wife. But he didn't formalize the right to inherit the Cyprus company. After his death, as a result of the family conflict, each participant wanted his own. A corporate war began. The result of this war: the nominal director resigned, the company provider, refused to deal with them before the court's decision, the company can't be transferred to another provider. The company was frozen and could not sell its assets and conduct its business. At the same time, there was a great need for structuring and selling assets.</p><p>The situation is not just unpleasant, but catastrophic. To overcome this situation, it took:</p><ol><li>Apostille the degree of kinship for all participants.</li><li>Apostille certificate of death.</li><li>Provide a certificate from the Ministry of Internal Affairs that death wasn't violent, and none of the relatives is involved in the death of the beneficiary. And also that there is no investigative case or criminal prosecution against him.</li><li>Write a letter to the central register with a request, based on the above documents, to appoint an independent director and administrator.</li><li>Divide asset in equal proportion: 33.3% for daughters and 33.4% for wife.</li><li>Allow internal transfer of assets from one owner to another with substitutions by another asset (assignment of rights to real estate), engage an independent lawyer, for unconditional transfer of rights, if all parties fulfill the conditions.</li></ol><p>The decision of all these questions took about a year and required considerable financial expenses.</p><div><h2>What else can you get in the end, when there is no clear indication of the inheritance owner?</h2></div><p>Relatives may not know where you have what, and it's not the responsibility of the provider to search for your heirs in the event of your death. Even simple agreements are not always respected. Therefore, assets can be quite in other hands, no kinship with you do not have. So the question arises, do you really want your assets to get to other people's people?</p><p>The second no less important aspect, you can get under the right of inheritance, which exists in the jurisdiction of finding a company with payment of all relevant taxes. And they can be very significant.</p><p>And finally, after the time has elapsed, the company can be simply liquidated, as not active, and the assets on its balance go to the treasury of the state.</p><p>All these troubles could be avoided if the owner thought about the fact that a person is mortal, and often SUDDENLY.</p><p>We live, postponing resolving issues for later, but, it turns out, we need to address them in advance.</p><div><h2>There is a simple solution to this problem:</h2></div><p>Just transfer the assets into a full-fledged trust, in which to describe which of the relatives that gets. The trust allows you to divide assets in such a proportion as you want, bypassing all national inheritance rules. By transferring assets to the trust, you can also not notify relatives about what you have and who gets what. In the event of your death, the trust company will tell them who gets what, or just pay the income to the account.</p><p>A trust letter in which off-shores say that Smith owns ""A" shares in favor of Ivanov has nothing to do with the Trust, such a trust is called "naked".</p><p> <span style="color: #444444; font-family: Arial, sans-serif; font-size: 10.5pt; text-align: justify;"> </span></p><p style="text-align: center;"><em> You can learn more about the Trust-Fund of <strong>Castle Family Office</strong> by clicking on the link below:</em></p><p style="text-align: center;"><strong><span style="color: #444444; font-family: Arial, sans-serif; font-size: 10.5pt; text-align: justify;"><i><a href="https://castle-gaaf.sg">CASTLE-GAAF.SG</a></i></span></strong></p>