Trusts

Our specialised team advises private individuals resident in or outside Monaco, as well as institutional clients, on various legal matters related to trusts.

Trusts are a way to organise and transmit an estate and are frequently used in common law systems, but also in Monaco (Law No 214 of 27/02/1936 revising Trust Law No 207 of 12/07/1935). A trust is an institution originally created under common law to grant a trustee authority to control assets in the interests of a beneficiary or for a purpose determined by the grantor (or settlor) as part of either a living trust or a testamentary trust.

Assets entrusted to a trustee constitute a distinct whole and are no longer part of the settlor’s property. The trustee has the authority and duty to administer, manage or dispose of the assets in accordance with the terms of the deed of trust and with trust law provisions applicable to the trustee.

Our expertise enables us to advise and assist our clients in all contentious and non-contentious matters relating to the constitution and administration of trusts.

These issues are essential in Monaco, since the Principality is home to a wealth of economic, linguistic and multicultural resources, with 139 different nationalities living side by side.

We work in close collaboration with our network of associated firms in over 40 countries to meet our clients' needs for a cross-border assistance.