The Russians have a new way to transfer the inheritance

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Photo: Ilya Pitalev / RIA Novosti

From 1 September in the Civil code of the Russian Federation made changes that will allow you to transfer business and assets to heirs by using a new mechanism. We are talking about the creation of genetic Fund, reports owned by the family Demyan Kudryavtsev, the newspaper “Vedomosti”.

This Fund will protect the estate, to protect the business from unscrupulous partners and to insure inexperienced heirs. The Foundation can also transfer the property in parts or under certain conditions, to sell with the subsequent transfer of money to a certain person, to bar the heirs from the management of the business.

According to the newspaper, inheritance Fund is formed and begins to function after the death of the owner. From a legal point of view, the Fund is the successor. If the decision on establishing the Fund is adopted, it is necessary to write a will indicating at what time and what property is transferred to a hereditary Foundation, to develop the Charter and terms of office. Within three days after it opened, the notary shall transfer the documents for registration to the tax authority.

Fund, say the experts, will allow to solve the problem of allocation of compulsory shares for minor children, disabled parents, dependants of the testator.

Video, photo All from Russia.

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