Succession trust in family companies

Abstract

The inter-generation succession of family-owned company is one of the problems their owner must face, as their continuity will depend on it. Therefore, an early succession planning is the key to ensure this transmission to be as profitable as is possible to all family members. As a result of the amendment of article 831 of the Civil Code introduced by Law 41/2003 on 18th November, the trust in succession has become an important factor in corporate succession. Through it, it will be possible to postpone the moment of determining who will be the company beneficiary and in which the figure of the spouse will be decisive to achieve the will of the causative.