Article published in the Magazine Private Banking January 2024
Dr. Alon Kaplan and Meytal Lieberman
In recent years, newspapers have published reports of “blind Trust” in connection with a mechanism designed to prevent conflicts of interest of public servant (“the official”)l, such as ministers and the prime minister. In the United States, blind trusts are regulated by the Ethics in Government Act of 1978. This law defines the conditions under which the official may hold assets, under via af blind trust, and these are: First, the trust must be held separately from the official and managed independently. Second, the trust is prohibited from including restrictions on the sale or transfer of assets. Third, the official is prohibited from receiving any information about the trust except for quarterly updates regarding its value, income and losses for the purpose of filing tax reports.
What is this “blind Trust” and what does it come to prevent?
- Published in Articles, Books, Business, Family office
נאמנות בישראל
Alon Kaplan
היא מושג (Trust) הנאמנות משפטי. הכוונה היא למרקם של יחסים משפטיים לפיהם הלקוח אשר הינו מייסד מעביר (Settlor) הנאמנות בעלות בנכסים לידי נאמן ומעניק לנאמן (Trustee) (או למספר נאמנים) זכויות לפעול בנאמנות על פי כתב נאמנות והחוק. בשונה מהמצב בשליחות פטירתו של הלקוח או של נהנה איננה מסיימת את הקשר המשפטי והנאמנות תמשיך לפעול ללא צורך בעריכת פרוצדורה של ירושה.
- Published in Articles
INTERGENERATIONAL TRANSFER OF A FAMILY BUSINESS
Alon Kaplan
Many businesses in Israel are owned and managed by families. In many cases, the businesses’ founders are the family’s father or mother, although there are also businesses that brothers and sisters establish. The result is that the founders of the businesses may include individuals who have established a successful business and have a family, second or even third generation, for whom the founders seek an estate planning program and preparation of legal business infrastructure for the intergenerational transfer of the business and its management. Below, we will refer to the business founders in the singular
- Published in Articles, Books, Business, Family office
Alon Kaplan and Meytal Liberman
Abstract – How to use a trust as an alternative to a will to transfer assets to the next generation? This article will answer this question by first introducing the reader to inheritance and trust law in Israel. It will explore the endowment and how it should be used in order to regulate the transfer of assets to the next generation—how a trust should be set up and how assets should be transferred to it. The conclusion drawn from this analysis points out the key elements which should be considered when creating a trust to survive death under Israeli law
- Published in Articles
Trusts & Trustees – Alon Kaplan & Meytal Liberman
Abstract – How to use a trust as an alternative to a will to transfer assets to the next generation? This article will answer this question by first introducing the reader to inheritance and trust law in Israel. It will explore the endowment and how it should be used in order to regulate the transfer of assets to the next generation—how a trust should be set up and how assets should be transferred to it. The conclusion drawn from this analysis points out the key elements which should be considered when creating a trust to survive death under Israeli law.
- Published in Articles
אלון קפלן
חוקיות פריצה למאגר מידע של עורך דין ולקוחו
- Published in Articles
Alon Kaplan
- Published in Articles
Estate planning for the family business
Alon Kaplan, Meytal Liberman
This article provides an overview of the factors to be considered in order to structure and grow a family business in Israel.
- Published in Articles