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Instruments for Preserving Family Businesses and Personal Assets

Family capital preservation and succession are key objectives for business and private asset owners. Therefore, establishing reliable safeguards to protect assets against external risks, inheritance disputes and ownership fragmentation is of particular importance. Correctly structured instruments of management make it possible not only to preserve property but also ensure its transfer to future generations, thus maintaining family business continuity.

BGP Litigation renders legal support for setting up and maintaining structures for family asset ownership and administration. We develop tailored solutions taking account of the composition of assets, goals and the family situation, including incorporation of personal funds, closed-end investment funds, inheritance funds, foundations in the UAE and other international instruments. This approach makes possible integration of protection, management and succession into a single legal mechanism.

This service is particularly relevant for estate planning, family business structuring, safeguarding of assets against potential claims, and in situations where a long-term system is needed for managing family capital and conflicts between successors avoided.

BGP Litigation lawyers have extensive experience in delivering complex projects involving inheritance and corporate structuring and ensuring family business continuity, and combine expertise in family and inheritance, corporate, international and tax matters.

Services

Analysis of assets and owner goals
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Assessment of property composition, the tax burden and targets taking account of the location of assets, legal status of family members, and potential beneficiaries (maintaining control, transfer to specific individuals, protection against claims)
Selection of legal form
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Elaboration of tailored solutions depending on asset composition and location, business goals, and the status of the owner and family members
Preparation and support
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Comprehensive legal support for setting up a target structure: drafting a plan for transferring assets to the target structure, drawing up documents in view of business specifics and the owner's wishes, and liaising with the parties involved (professional participants, notaries, government authorities)
Estate planning
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Development of a robust mechanism for distributing property among the beneficiaries, factoring in age, family status and other circumstances. Advice on maintaining the structure’s confidentiality and resilience in an inheritance event

Practice

Team

Timur Unarokov
Partner, partner committee member — Corporate Law and M&A
Elena Rybalchenko
Counsel — Corporate Law and M&A
Irina Kuyantseva
Counsel — Corporate Law and M&A