Private-benefit (Family-) foundation in Liechtenstein as an instrument of estate planning. III. Advantages in terms of the formation of a private-benefit foundation. Liechtenstein foundations and trusts offer several key benefits for asset protection and wealth preservation. The Liechtenstein Foundation Law (Art. – Persons and Companies Act and has contributed substantially to the economic success of Liechtenstein. The advantages of Liechtenstein foundations and trusts for asset protection and wealth preservation include: Family Matters About Us Articles Family Matters Contact Information. Liechtenstein does not enforce foreign judgments without a re-litigation on the merits unless there is an enforcement treaty or other binding declaration in place with the country whose courts rendered the judgment. Beneficiaries of a Foundation. Under certain circumstances specified by law or the Trust deed, the beneficial interest may be exempt from attachment by a creditor s. In addition to the provisions on the beneficial interest in the articles of association, the extent of and the conditions attached to the beneficial interest are specified there or in the by-laws of a Foundation. The formation of a Foundation solely for maintenance is also possible. The detailed description of a Liechtenstein Foundation. Foundation Articles of association By-laws Prices. Submission of a balance sheet. The founder can restrict the activities of the Foundation Council through other bodies including, for example, allowing the auditors to audit, the giving of the rights to give directions or instructions, to control or to veto to protectors, curators or collators. The appointment of an auditor. A Foundation exists to give effect to the stated, non-commercial wishes of the Foundation's founder as set out in the formation deed and articles of association of a Foundation. In addition to the provisions on the beneficial interest in the articles of association, the extent of and the conditions attached to the beneficial interest are specified there or in the by-laws of a Foundation. Liechtenstein provides legal assistance in criminal matters to other countries and has entered into treaties allowing the exchange of information in tax matters with an increasing number of jurisdictions.