Passing on the art: trust and foundation

It’s possible to hand down an art collection in many ways, among these,  the ones we consider more efficient are trust and foundation.

 The collector may  set up a trust and give it his entire collection in order to avoid fragmentation among the heirs, enjoying also the advantages given by segregation effects, anonymity and secrecy.

The trust for the management of art works  is incorporated through an unilateral act, as a purpose trust, with the specific aim to pursuit charitable and philanthropic activities.

Another instrument is the trust for inheritance purposes, with which the succession is regulated by the Settlor, to preserve the integrity and the unitary destination of the artistic assets, protecting them from the claims of the personal creditors and / or the heirs.

Choosing a foundation the target is to share and extend to a community the artistic heritage collected over time by the Settlor, because the foundation can only be established for the pursuit of utility and general interest purposes. The foundation can also be arranged by  a last will : in this case the act will become effective only at the time of the opening of the succession.

Helvetia Trust Company can help art collectors to evaluate their personal situation and advise them in the choice of the instrument more suitable for their needs.