Family Foundation — New Asset Protection and Succession Tool in Poland
|Adwokat Romuald Kędzierski
The Polish Family Foundation Act represents one of the most significant changes in Polish commercial and inheritance law. Previously, business owners seeking to prevent asset fragmentation and ensure smooth succession had to rely on complex foreign holding structures. Today, effective succession mechanisms are directly available in Polish law.
What is a Family Foundation?
A family foundation is a distinct legal entity established to accumulate assets, manage them in the interest of beneficiaries, and provide benefits to them according to the founder's wishes.
Core Objectives:
- Asset Protection: Safeguards assets against future individual liabilities.
- Seamless Succession: Prevents destructive division among multiple heirs.
- Family Security: Provides regular financial distributions to designated beneficiaries.