Real Estate
If you possess real estate in private, you can very often be confronted with serious consequences:
1. In case of personal financial issues, you are very vulnerable. Seizure of real estate is done fast and easy.
2. When you own debt free real estate, you may be subject to higher taxes.
3. The sales of real estate is subject to substancial transfer taxes and and legal fees.
The Private Foundation as the possessor of real state can offer an ideal solution.
1. Private creditors cannot seize your real estate assets because legally you are just the beneficiary and not the owner.
2. Various taxes can be avoided because the real estate is not a part of your private assets.
3. When the real estate will collect the purchase price and settle the real estate agent fees. The ownership of the real estate does not change. A new beneficiary will be nominated and transfer taxes and notary costs are avoided.