A Private Foundation for Wealth Management

The management of family wealth demands flexibility and fidelity. In a private foundation, one can concentrate assets for management in a single place and protect them from legal risks arising through inheritance disputes, divorce, or economic crises while ensuring continuity in business and preserving family capital through the generations. What are the advantages and special characteristics of private foundations for estate and inheritance planning? What are the limitations and potential difficulties? What dispositive and imperative norms exist in the legal regulation of private foundations? What potential issues should one be mindful of when preparing rules for the private foundation for the period following the death of the founder? How does the establishment of a private foundation affect a family tax base? What are the tax benefits of using a private foundation to manage assets? What lessons can the Russian legal system learn from international experience and Russian practice?