Also estonian law doesn't recognize trusts, so if you want to save your assets for your children that's a problem.

I assume we are taking about a foreign trust and not an Estonian one. In what regard? When it comes to money laundering? Profit distributions?

	▲	jocaal 26 minutes ago \| parent [-]
		No, I was under the impression that foundations must be established with a non profit goal in mind. I thought you cannot just give beneficiaries cash. I see I was mistaken and that private foundations allow you to treat the structure the same as a trust fund.

You mostly use foundations for that purpose in civil law countries (which are also not part of the hague trust convention )