Alon Kaplan

Books – Contribution of chapters on Israel

Alon Kaplan

Books – Contribution of chapters on Israel

Alon Kaplan, Lyat Eyal and Diana Apelboim Ladovsky

Alon Kaplan & Meytal Liberman

Alon Kaplan, Lyat Eyal and Daniel Paserman

Alon Kaplan and Lyat Eyal

The article reviews the Israeli Banking Ordinance 1941, whose provisions relating to joint ownership of assets in Israel are quite unique in Israeli law. Non-residents, both clients and professionals, owning assets in Israel, unfamiliar with local laws and accustomed to the laws in their relevant jurisdictions, are often surprised. Estate planning, including the establishment of inter-vivos structures, such as foundations and trusts, may resolve some of the issues. This article will not discuss basic issues but rather the manner in which trusts and foundations may remove various obstacles for non-residents who are not familiar with Israeli laws. For the purpose of this article, we consider the Israeli Hekdesh coupled with an Israeli underlying company as a foundation, as this arrangement may be used to hold assets under a trust in Israel.

Alon Kaplan & Meytal Liberman