Private Foundations: Law and Practice

• Provides unrivalled analysis of the fundamental aspects of private foundations law and practice
• Offers detailed explanation and commentary on a comprehensive range of topics, from the rights of founders to asset protection issues
• Discusses the features of private foundation law and practice alongside illuminating reference to case law and legislation in a number of key civil and common law jurisdictions

Private foundations are now offered as an alternative to traditional trusts in a growing number of international financial centres and an increasing number of practitioners - in the relevant jurisdictions and elsewhere - are asked to advise clients who are thinking of protecting their wealth in this way. As more jurisdictions introduce legislation, there is a greater need for practitioners to have a clear understanding of the law underpinning the creation and running of foundations.

Written by a leading expert, Private Foundations: Law and Practice is an invaluable resource for anyone advising on or involved in the establishment and maintenance of private foundations. Each chapter discusses a fundamental aspect of private foundation law, with reference throughout to the most significant civil and common law jurisdictions. The author discusses not only the creation and management of private foundations, but also looks carefully at the powers, rights, and liabilities of their founders, officers, and beneficiaries. Every topic is analysed with reference to the legislation and case law of a number of key civil law jurisdictions (Liechtenstein, Austria, Panama, and Malta) as well as to the developing law in selected common law jurisdictions (St Kitts, Bahamas, Anguilla, Belize, Jersey, Guernsey, the Isle of Man, the Seychelles, Mauritius, and the Cook Islands).

Offering a rigourous and analytical review of the law relating to private foundations, this book is ideal for anyone involved in this developing area of wealth management.

Readership: Primary: private client practitioners (lawyers, accountants, financial advisers, trust managers) and private bankers in all the major international and offshore financial centres. Secondary: academics and academic libraries; students on courses in trusts and private foundations law, in particular at postgraduate or professional level (such as the STEP Qualifications).