Trusts in France

This article considers trusts where there are French resident beneficiaries Advisers who deal with internationally mobile clients will be aware that the use of trusts in civil law territories are fraught with danger. Unlike common law territories such as the UK, civil law territories consider the splitting of ownership between legal ownership and beneficial ownership alien. A good example of this is France, where there is a constant flow of new residents coming in from Britain, many of whom have either considered, or already have created, trusts. Many will not be aware that the trust co...