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Article in Oxford University Press magazine Trusts & Trustees: "Is the Estonian Act ready for private purposes?"

The leading international journal on trust law and practice has published another article “Is the Estonian Act ready for private purposes?” written by our head of Wealth Planning Turgay Kuleli and by Urmas Kaarlep.

Although it does not yet contain explicit provisions regulating private foundations, the Estonian Foundation Act 1996, even in its current form, provides sufficient leeway for establishing foundations in pursuit of any legal objective. In addition, Estonian law today already offers a high degree of flexibility in establishing and administering a foundation. To further expand Estonia’s appeal to ultra-high net worth individuals seeking intergenerational wealth management options, the Estonian government should soon amend the Foundation Act to also expressly cover private foundations.

The article on the Internet can be read HERE.

The full text of the article above can be read HERE.


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