How to perform joint investment

They exist several possible ways out of the situations when one legal or physical body has insufficient material resources for the purchase of a desirable asset to ownership. The necessary funds can be borrowed, the person can come to agreement about payment in installments, or can find associates with the same desires and share his/ her rights for the assets, by donating part of his/ her rights, thus solving the problem with the lack of funds.

To avoid the situation when it’s necessary to appeal to the court for legal reconciliation of the conflict between the co-owners that can last for years, a reasonable act is attraction of a third body and authorizing it the rights and obligations to control the execution of the rights of ownership, disposal and use between co-owners. In such situations, the co-owners voluntarily transfer part of the rights of disposal and possession of the assets to such an arbitrator, granting him both the rights for blocking the free transfer of assets to other persons and the rights of the rightful owner in the face of state bodies supervising the observance of property rights.

With a professional approach to the business, a trustee will thoroughly study both the subject of trust management and the future co-owners themselves, including the data on the contribution of each of them to the shared cause and on the proposed scheme of distribution of rights between them.

Under the results of the study of the subject of ownership, the trustee compiles the design documentation. This documentation is obligatorily checked several times at the independent lawyers in each separate jurisdiction under which the law of the discussed assets fall, even partially. On the this stage, the work of the trustee is to build a cooperation scheme for each participant that will provide all desirable rules of the co-owners.

The trustee will also have to be inside the scheme. That’s why, at the stage of compilation of the design documentation when all participant including the trustee are not the subjects of the project, the trustee is personally interested in a comprehensive assessment of the risks and weak points of the project, as the resolution of any possible disputes between the co-owners will fall entirely on his shoulders.

If you have decided that trust management is the means what will help you to solve your problems, send us a message with a brief description of your needs and the desired effect. We will carry out the initial evaluation of the project, advise, on the basis of our extensive practice, which solution is the most successful, as well as send a recommendation for the mandatory steps-checks necessary to ensure safe joint investment in any assets.

 The trust has granted me an opportunity to sleep safe and calm

The word ‘trust’ means ‘confidence’. What is the difference between the notions of ‘belief’ and ‘confidence’? A person can believe blindly, but confidence is a belief supported by actions and deeds. At first glance, a trust is very similar to a normal contract of assignment: one person authorizes another to manage his/ her property in one way or another. However, the similarity is purely external. The peculiarity of the trust is that the thing that is transferred to the management, irrevocably becomes the property of the manager. I can give an example of the situation where the trust is used. An old millionaire retires because he is no longer able to manage his entire fortune. He wants his sons to continue his work, but he does not want to simply give his sons large sums of money, apprehending that young people could squander them. Thus, our millionaire finds a reliable lawyer and concludes a trust agreement with him. Under this contract, the lawyer receives the state of a millionaire (trust founder) in his management. The lawyer undertakes to manage the fortune only and exclusively in the interests of the sons of a millionaire. He (the lawyer) has to finance their education, cover their expenses to set up their own business, etc. At the same time, the trust contract strictly prohibits the lawyer to pay from the allocated fortune for the expenses that would be unreasonable use of money in the opinion of the father (bets on races, excessive restaurant expenses, etc.). The founder of the trust may appoint a fixed annual rewarding for the performed work to the lawyer (Trustee) himself from the amount of the transferred property. Global Actual Services is the personal lawyer of each of us, the members of the club Alliance, that will monitor and guarantee the observance of our rights in any situation having taken control of our possession.

Dmitriy Levitskiy (Ukraine)
Private lawyer