Italian Asset Protection Law is born creating those legal instruments that aim to allocate assets and goods to the pursuing of economic activities while protecting them from eventual creditors’ attack.
However, the same legal instruments can be used also within the context of a controversial divorce or in the context probate in order to protect personal/familiar goods from those ones who are functional to the professional activity.
Italian law struggled to recognise validity to Asset Protection within the context of Family Law, since such activities have been usually deemed as fraudulent operations, in order to frustrate creditors’ rights.
According to Italian Asset Protection Law, the main asset protection tools are: trusts or “fondo patrimoniale".
VGS Family Lawyers, thanks to an integrated Tax Professional team, is able to assist you in order to protect your estate, without incurring in any breach of the law.