The concept of foundation was introduced in the civil law jurisdiction, putting forward a similar legal framework for GCC nations with comparable histories. These Foundations function as separate legal entities from their Founders. This separates a Foundation from a Trust. This separation aids the protection of the Founder’s personal assets. In this way the Foundation’s holding remains discrete from the said founder’s personal assets.
This booklet delves into the nuances of wealth distribution from the perspective of Foundations. The aspects covered here include:
- What is a DIFC Foundation?
- Letter of Wishes: Non-Binding Expressions of Intent
- Legal Directives for DIFC Foundation Wealth Distribution
- A Case Study
- FAME Advisory’s provision for DIFC Foundation Wealth Distribution
- FAQs
Allocation of Foundation riches requires careful considerations. The Founders can utilize the Charters and Letters of Wishes within the DIFC’s legal framework to make sure their philanthropic or wealth distribution objectives are successfully matched at the dissolution of the Foundation by carefully
All the practical topics in relation to foundation wealth management are summed up in this booklet. This resource serves as a reference for any future wealth distribution plans you may have in relation to your individual foundation or foundations.
