Peculiarities of the Civil Law Status of an Inheritance Fund

The article examines new provisions of the Civil Code of the Russian Federation that came into force on September 1, 2018, with respect of inheritance funds. It is stated that an inheritance fund is one of the tools that expand possibilities for inheritance protection and administration. The author focuses on its peculiarities under Civil Law and specificity of its operation as a legal entity that significantly distinguish it from common funds. This specificity is associated with the special purpose of establishing the fund, namely: the fund is established to administer the property of a certain individual, who is the sole founder of the fund, after his or her death. At the same time, unlike the usual goal of establishing a fund, this goal is not universally useful and social, but rather private, which distinguishes the hereditary fund among other categories of funds that are created, as a rule, for charitable and other socially useful purposes. The article also notes the difficulties in determining the procedure for establishing the fund, the procedure for the formation of its management bodies, as well as the further formation of its estate and activities.

Inheritance fund, inheritance, last will and testament, special testamentary orders, notary, unitary nonprofit organization, legal entity, hereditary legislation reform, administration of estate, inheritance protection

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