Trusts And Estates

trusts-and-estates legal skills for Austria

Austria's civil law tradition does not recognise the common law trust, so estate planning and succession work here is shaped instead by the ABGB's forced-heirship rules, the notarial probate process before the district courts, and the private foundation regime under the Privatstiftungsgesetz — a structure practitioners frequently use as a functional trust substitute for wealth preservation across generations.

Navigating that framework demands precision on compulsory share calculations, foundation charter drafting, and the tax treatment of distributions under Austrian inheritance and gift-tax rules, and the agent-ready legal skills for Austria's trusts-and-estates practice in the ThomasMore catalog are built around exactly those tasks. Each skill runs over MCP or downloads as a file, giving you a reusable capability for matters such as screening a Privatstiftung structure against beneficiary-rights obligations or assembling a succession checklist aligned with Austrian notarial procedure. The collection also covers the increasingly common cross-border dimension, where EU Succession Regulation No. 650/2012 determines which national law governs an estate touching multiple member states. Authors maintain these open-source skills as Austrian legislative practice and court guidance develop, so the catalog stays current rather than capturing a single snapshot in time. If your practice concentrates on a particular aspect of Austrian succession work, use the filters above to narrow by task type, license, or author.