Ultimate beneficiary
The person to whom the remaining foundation assets fall on dissolution of the private foundation.
The ultimate beneficiary is typically named in the foundation declaration. On revocation the assets typically return to the founder. Without a rule the residual assets fall to the Republic of Austria.
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Legal basis
Statutory texts for orientation; the version in force at the relevant time prevails.
This explanation gives a general overview of Austrian law and does not replace advice in an individual case. The specific circumstances of your foundation are always decisive.
Conflict in the foundation, a blocked board, information denied?
In foundation law, structure, deadlines and evidence decide. Call us directly or write to us, callback within one business day.
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Address
BRANDAUER Rechtsanwälte GmbH Giselakai 51 5020 Salzburg
Phone
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