If you possess real estate in private, you may be facing serious consequences:
- In case of personal financial issues, you are vulnerable. Seizure of real estate is done fast and easy;
- When you own debt free real estate, you may be subject to higher taxes;
- The sales of real estate is subject to substancial transfer taxes and and legal fees.
The Private Foundation as asset manager for real estate may be the perfect solution.
- Private creditors cannot seize your real estate assets because legally you are just the beneficiary and not the owner;
- Various taxes can be avoided because the real estate is not a part of your private assets;
- 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.