What are the differences between Discretionary Trusts and Private Foundations in Gibraltar?
Short answer
A comparison of Discretionary Trusts and Private Foundations, and which structure is best suited for different family legal backgrounds.
Detailed answer
Discretionary Trusts are common in Common Law jurisdictions (like Gibraltar/UK) and offer maximum flexibility for multi-generational wealth succession. Private Foundations are often preferred by families from Civil Law backgrounds (Continental Europe, Latin America) as they possess a distinct legal personality, making them similar to a company with a charitable or private purpose.