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WalPart Trust (Liechtenstein)
Anonymous
Posted: Saturday, August 13, 2011

Posted: 11/1/2010 6:21:27 AM

By: Offshore Atty

Is that a real company? All trust companies in Liechtenstein are members of the THV. Here is the current list of members; no such name exists on this list...

http://login.gmgnet.li/thv/documents/MitgliederOeffentlichengl.20100930_358.pdf


Internal Administrator
Posted: Saturday, August 13, 2011
Joined: 10/12/2010
Posts: 5780


Posted: 10/29/2010 11:51:44 AM

By: Nexus

I am looking for a reliable administrator of Liechtenstein Private Foundations. WalPart Trust offered me reasonable terms and fees.

Does anybody have any dealings with the above company?

Any comments?


Anonymous
Posted: Saturday, August 13, 2011

Posted: 11/5/2010 11:33:57 AM

By: cyrille

the main caution does not reside in potential threat from a tax administration but on the use of the fondation... Once the assets are transfered to it, the administration is vested to the foundation board which is pretty much free to do anything as long as they comply to the goal of the foundation (as expressed in the by-laws)...Therefore it is very important that your client and/or members of his family are represented on the board or take any step to prevent such situation.
There are some judicial cases, notably one with German heirs, that show how difficult it could be to regain control of assets and/or of the foundation once they have been transfered.


Anonymous
Posted: Saturday, August 13, 2011

Posted: 11/1/2010 11:00:50 AM

By: Nexus

Thanks for your advise. Sounds sensible.

Unfortunately my client insists on Liechtenstein. Luckily he is not resident in Germany or any other hell-bent on offshore crackdown countries.


Anonymous
Posted: Saturday, August 13, 2011

Posted: 11/1/2010 10:55:06 AM

By: Nexus

That's interesting. Thanks.

Very strange. One of the company partners is Mr. Ernst J. Walch, Dr.iur., MCJ

Member of the Liechtenstein Parliament, 1989 to 1996.
President of the Liechtenstein Parliament, 1993.
President of the Progressive Citizens Party in Liechtenstein (FBP), 2000 to 2001.
Minister of Foreign Affairs of the Principality of Liechtenstein, 2001 to 2005.


Anonymous
Posted: Saturday, August 13, 2011

Posted: 11/1/2010 8:35:44 AM

By: knightmare3000

you need good offshore lawyer to help with this. using Liechtenstein is NOT recommended given the newer banking laws and changes after the UBS debacle. get a good offshore lawyer to set up trust someplace else or get a good trust administrator. see Peter Isola,esq in Gibralter ( www.gibraltarlawyers.com) for at least a start. I am certain there are other lawyers out there that are offshore to help with this ( cf. Isle of Man). forget Liechtenstein. also there is a flap with them giving names of account holders to German tax authorites. so whatever credibility they had viz a viz privacy in trusts,etc is largely gone


 

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