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The concept of trusts, as is well-established in common law systems, is not recognized in the civil law system of Poland. That said, Poland has similar structures, such as 'Fiducie' type agreements which perform a similar role to Trusts. It's also noteworthy to mention that many Polish lawyers have developed expertise in Trust law due to its prevalent use in international law. Therefore, when dealing with Trusts-related matters in Warsaw, it is advisable to consult with a legal professional who understands both the Polish legal context and the structure of Trusts in international law.
You may require a lawyer to help you navigate through the intricacies of Trusts from different legal traditions. This might include establishing a Trust in a country that recognizes Trusts and uses Polish assets, or facilitating international business transactions involving Trusts. Lawyers can also advise on matters such as asset protection, inheritance, tax planning, and wealth management where Trust structures are used.
Polish law does not include specific provisions concerning Trusts, however, statutes governing civil contracts, family law, inheritance law, and corporate law, among others, offer mechanisms that replicate some features of Trusts. As Poland is a member of the European Union, EU regulations and international conventions can sometimes play a part in cases involving foreign Trusts. Warsaw's lawyers covering these kinds of cases must be practiced in international law interpretation in addition to understanding the local context.
As the concept of trusts is absent in Polish civil law, one cannot set up a Trust directly under Polish law. However, consulting with a lawyer who is familiar with international Trust law can guide you on potential solutions.
Trusts established in other countries are not directly recognized in Poland. However, legal mechanisms exist that can allow one to manage foreign properties and assets owned by Trusts, with the help of a professional.
As Trusts are not recognized in Poland, a Polish lawyer cannot serve as a trustee in the traditional sense. Nonetheless, in international legal matters, they could potentially serve a similar role through other legal mechanisms.
Traditional Trusts as inheritance vehicles are not recognized in Poland, but equivalent structures can be established through Polish inheritance law and other related statutes. Professional advice is essential in charting these legal nuances.
Even though Trusts are not recognized, assets or properties managed under similar structures might have tax implications. It is recommended to take legal advice to consider these possibilities in your tax planning.
For individuals seeking more information, the Warsaw Bar Association and the Polish Civil Code could act as valuable resources. The Ministry of Justice and governmental bodies like the National Revenue Administration can offer some guidelines on how trusts or fiducie structures may have tax implications.
If you need legal assistance with Trusts or similar structures in Warsaw, consider reaching out to a legal professional well-versed in international law and its application in the Polish context. The Warsaw Bar Association can provide a directory of law firms and lawyers specializing in these matters.
