Best Trusts Lawyers in Lisbon

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LVP Advogados

LVP Advogados

Lisbon, Portugal

Founded in 2000
50 people in their team
​Our ApproachOur legal team assists foreign individuals, families, businesses and institutions with investments and/or residence in Portugal, from...
Portuguese
English
CSC Lawyers

CSC Lawyers

Lisbon, Portugal

Founded in 2007
50 people in their team
About the law officeIn all portuguese law areas, which may be critical to our clients' decisions, we work seamlessly with like-minded professionals,...
Portuguese
English
ASAG - Sociedade de Advogados

ASAG - Sociedade de Advogados

Lisbon, Portugal

Founded in 1995
50 people in their team
ASAG – Law Firm, RLASAG is a “full service” law firm with expertise in different areas of the law. We aim to practice law while addressing our...
Portuguese
English
Lamares, Capela & Associados

Lamares, Capela & Associados

Lisbon, Portugal

Founded in 2018
50 people in their team
COMPANY VALUESHaving full client satisfaction as their main goal, they are willing to personalize as much as possible the work method, offering...
Portuguese
English
AS SEEN ON

About Trusts Law in Lisbon, Portugal:

The concept of trusts as understood in English Common Law does not exist in Portuguese legislation, including Lisbon. Still, Portugal does recognize and enforce trusts established in foreign jurisdictions due to international agreements and legislation. This recognition is under the provision of the Hague Conference on Private International law of which Portugal is a member.

Why You May Need a Lawyer:

Foreign nationals residing in Lisbon, Portugal may have established trusts in their home countries. Although Portugal does not direct provision for trusts, foreign-set trusts may have tax implications and other legal considerations. A lawyer proficient in international law and familiar with trusts can help clarify these implications and advise on the best way to manage such assets while residing in Portugal.

Local Laws Overview:

Trusts established elsewhere will have to comply with Portuguese laws once the settler resides in Portugal. For example, Lisbon is subject to Portugal's Inheritance and Gifts Tax which may affect beneficiaries of a trust. More importantly, ever since Portugal ratified the Hague Trust Convention, it legally recognizes foreign trusts, although they will still be subject to Portuguese tax laws.

Frequently Asked Questions:

1. Can I establish a trust in Lisbon, Portugal?

No, Portugal does not have a legal framework for establishing trusts. However, trusts established in other countries are recognized in Portugal due to the Hague Trust Convention.

2. Are trusts subject to tax in Portugal?

Yes, while Portugal does not have trusts per se, any income or gains derived from foreign trusts may be subject to Portuguese Income Tax.

3. Can a trust help me avoid Inheritance and Gifts Tax in Portugal?

No, any property coming from a trust and received by a Portuguese resident will be subject to the Inheritance and Gifts Tax.

4. Can a Portuguese lawyer manage a trust?

Yes, Portuguese lawyers can manage foreign trusts. However, it's essential they are proficient in international law and are familiar with the legalities surrounding trusts.

5. Is it illegal to be a beneficiary of a trust while residing in Portugal?

No, it is not illegal. Beneficiaries must inform authorities about any income or gains they receive from the trust, as these may be subject to taxation.

Additional Resources:

The 'Autoridade Tributária e Aduaneira' or Portuguese Tax Authority's website provides updates and information about tax laws that may affect trusts. The Bar Association of Portugal (Ordem dos Advogados) can also provide you with lists of lawyers proficient in Trusts and international law.

Next Steps:

If you need legal assistance regarding trusts in Lisbon, consider reaching out to a Portuguese lawyer who is familiar with international law. Especially crucial would have experience with trusts and be able to advise you on the tax implications and other legal matters associated with trusts while residing in Portugal.

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.