Asset Protection Trusts - Liechtenstein

Liechtenstein is a civil law jurisdiction which has enacted a trust law. It has a one year statute of limitations for trusts settled without intent to harm creditors. It is well known for its secrecy laws and currently, in its mutual fund business alone, controls more than Pounds 70 billion, "rather more" than the entire trust industry of the United Kingdom. Recently Liechtenstein received some very bad publicity when it emerged that Robert Maxwell used a series of secret trusts in Liechtenstein to steal more than $450 million of pension money.


 

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