LGT Bank AG has published an anniversary brochure to mark the 30th anniversary of the Private Foundation Act. The positive but also critical factors of the Austrian private foundation are discussed by proven experts in this legal field. In their article “The Foundation as a Means of Preserving Family Assets (and Peace)”, Armenak Utudjian and Elena Berlinger not only shed light on the asset-preserving function of the private foundation, but also provide a practical insight into the possibilities for structuring and using a foundation in order to balance the financial and personal interests of the founders and future generations in the best possible way.
Read the article here.
