Trust Services in Italy: what a trust is, how does it work and why it’s an useful vehicle for sustainable wealth preservation and growth
The trust is an institution of the common law legal system that can regulate a multiplicity of legal and financial relations. The trust has entered the Italian legal system when Italy became a party of the International Convention of The Hague on 1st July 1985, in force in Italy from 1st January 1992. In this regard, the trust has been strengthened by large series of Court decisions on the importance of this legal instrument.