Best Trusts Lawyers in Germany

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CLAYSTON

CLAYSTON

Hamburg, Germany

Founded in 2005
50 people in their team
WE ARE CLAYSTONA worldwide union of lawyers,law firms, and tax and financeconsultants. You can find usall over the planet in themajor finance, trade...
German
English
LUTZ Rechtsanwälte

LUTZ Rechtsanwälte

Stuttgart, Germany

Founded in 1990
50 people in their team
We pay great attention to qualitative work, whereby the focus is always on the client's goal. We help you to present your own position to the...
German
English
Rose & Partner LLP

Rose & Partner LLP

Berlin, Germany

Founded in 2011
50 people in their team
Law Firm ROSE & PARTNER in BerlinLawyers, Certified Specialist Lawyers & Tax AdvisorsWelcome to ROSE & PARTNER! We are a well-established...
German
English
Dr. Iranbomy

Dr. Iranbomy

Frankfurt am Main, Germany

Founded in 2000
50 people in their team
ATTORNEYDR. DR IRANBOMYWelcome to the law office of Dr. dr Iranbomy!The law firm will be happy to process your legal questions online or by...
German
English
Berger & Federenko Lawyers

Berger & Federenko Lawyers

Cologne, Germany

Founded in 2000
50 people in their team
Your law firm in CologneThe law firm Berger & Federenko is a modern, service-oriented law firm in the heart of Cologne. We provide comprehensive...
German
English
Dr. Nietsch & Kroll

Dr. Nietsch & Kroll

Hamburg, Germany

Founded in 1970
200 people in their team
Expertise since the early 1970sWe are a commercial law firm that advises private individuals and small and medium-sized companies out of court and...
German
English
WF Frank & Partner

WF Frank & Partner

Berlin, Germany

Founded in 2000
50 people in their team
Office for inheritance law - specialist lawyers for inheritance lawWelcome to WF Frank & Partner Rechtsanwälte. This page should give you the...
German
English
KBM LEGAL

KBM LEGAL

Cologne, Germany

Founded in 2012
50 people in their team
Lawyers and specialist lawyers in Cologne, Düsseldorf and WiehlInnovative strength, vision, responsibility - as a medium-sized company you know what...
German
English
Gassmann & Seidel law firm

Gassmann & Seidel law firm

Stuttgart, Germany

Founded in 1993
50 people in their team
competent – ​​specialized – excellentWe have been supporting our clients nationwide with passion and expertise for 40 years. Our work is...
German
English
Kanzlei Königstraße Köster & Kollegen

Kanzlei Königstraße Köster & Kollegen

Stuttgart, Germany

Founded in 2006
50 people in their team
The law firm Königstraße with its offices in Stuttgart and Esslingen is your partner for personal and specialized legal advice.In addition to...
German
English

About Trusts Law in Germany

Trusts in Germany are a unique legal concept that allows for the protection and management of assets for future generations. A trust is created when a settlor transfers assets to a trustee, who holds and manages those assets for the benefit of beneficiaries according to the terms of the trust deed. Trusts can be used for various purposes, such as estate planning, asset protection, and charitable giving.

Why You May Need a Lawyer

Seeking legal advice from a lawyer specializing in trusts may be necessary in situations such as creating a trust, interpreting a trust deed, administering a trust, resolving disputes among trustees or beneficiaries, or navigating complex tax implications related to trusts. A lawyer can provide guidance and representation to ensure that your interests are protected and that the trust is properly managed according to the law.

Local Laws Overview

In Germany, trusts are governed by the principles of civil law and the Trust Act 1907. The Trust Act provides the legal framework for the establishment and administration of trusts in Germany. Key aspects of local laws relevant to trusts in Germany include the requirement for a written trust deed, the duties and responsibilities of trustees, the rights of beneficiaries, and the tax implications of trusts.

Frequently Asked Questions

1. What is a trust?

A trust is a legal arrangement where one party (the settlor) transfers assets to another party (the trustee) to hold and manage for the benefit of specific individuals or purposes (the beneficiaries) according to the terms of the trust deed.

2. Can trusts be used for estate planning in Germany?

Yes, trusts can be a valuable tool for estate planning in Germany to ensure the proper distribution of assets, minimize tax liabilities, and protect assets for future generations.

3. Who can be a trustee in Germany?

In Germany, any individual or legal entity can act as a trustee, but it is important to choose someone with the necessary skill, experience, and integrity to fulfill their duties effectively.

4. What are the tax implications of trusts in Germany?

Trusts in Germany are subject to various tax laws, including income tax, gift tax, and inheritance tax. It is crucial to seek advice from a tax professional to understand and comply with the tax obligations related to trusts.

5. Can trusts be revoked or amended in Germany?

Depending on the terms of the trust deed, trusts in Germany may be revocable or irrevocable. Revocable trusts can usually be amended or terminated by the settlor, while irrevocable trusts are generally more rigid and cannot be changed without the consent of all parties involved.

6. What are the duties of a trustee in Germany?

Trustees in Germany have a fiduciary duty to act in the best interests of the beneficiaries and to manage the trust assets prudently and ethically. They must comply with the terms of the trust deed and the law while avoiding conflicts of interest.

7. How can disputes related to trusts be resolved in Germany?

Disputes among trustees, beneficiaries, or other parties involved in a trust can be resolved through negotiation, mediation, arbitration, or litigation in the German courts. Seeking legal advice early can help prevent and resolve conflicts effectively.

8. Are trusts recognized and enforceable in Germany?

Yes, trusts created in accordance with the Trust Act 1907 are recognized and enforceable in Germany. However, it is essential to ensure that the trust deed complies with the legal requirements to avoid any challenges to the trust's validity.

9. How can I create a trust in Germany?

To create a trust in Germany, you need to draft a trust deed that clearly outlines the terms of the trust, appoint a trustee to manage the trust assets, and transfer assets to the trust. It is advisable to seek legal advice to ensure that the trust is properly established and complies with the law.

10. When should I seek legal advice regarding trusts in Germany?

You may consider seeking legal advice regarding trusts in Germany when creating a trust, interpreting a trust deed, administering a trust, dealing with tax implications, resolving disputes, or ensuring compliance with the relevant laws and regulations.

Additional Resources

For more information on trusts in Germany, you can refer to the German Federal Ministry of Justice and Consumer Protection website or consult legal professionals specializing in trusts and estate planning.

Next Steps

If you require legal assistance or have specific questions about trusts in Germany, it is recommended to consult a lawyer with expertise in trusts law to guide you through the process and protect your interests. A legal professional can provide personalized advice and support to help you navigate the complexities of trusts and ensure that your objectives are achieved effectively and legally.

Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.