To safeguard the family-owned business and the family wealth beyond the death of the owner, foundations in their various forms are becoming an increasingly important legal tool.
Foundation-based structures offer multiple options in the area of succession aimed at maintaining the independence of a family business over the course of generations and to provide long-term financial security for the family. Particularly, foundation-based solutions provide an alternative to permanent executorship. Besides charitable foundations, alternative foundation models such as family foundations, limited partnerships with foundation as general partner (Stiftung & Co. KG) or the implementation of “double foundations” can be taken into consideration.