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Wealth planning and the use of the Trust for the holding and management of works of art
In recent years, the trust has become an incredibly useful vehicle in the scope of wealth planning and asset management, particularly for artworks, antiques, and other collectibles, as it is a very efficient instrument both from the point of view of safeguarding the “real asset”, preserving its value and its transfer to future generations within a family, and from the tax point of view.
A trust is a legal relationship of Anglo-Saxon origin created by a settlor, ...