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Whitepaper

Modernizing Multi-Generational Family Trusts & Art Assets

Helena von Berg

5 min read

Library desk with an antique book, a brass key and a banker’s lamp beneath framed portraits and a marble bust

Written by

Portrait of Helenavon Berg, Senior Counsel at Themis

Helena von Berg

Senior Counsel

How ultra-high-net-worth family offices structure cross-border trust holdings while safeguarding high-value cultural heritage portfolios.

For ultra-high-net-worth families, wealth preservation extends far beyond liquid equity holdings and real estate portfolios.High-value cultural assets, fine art collections, and family heritage items represent significant asset volume, yet they present unique legal vulnerabilities regarding provenance verification, tax compliance, and intergenerational transfer.

Traditional estate planning mechanisms often fail to address cross-border art ownership complexities. When collections cross international borders for exhibition, restoration, or private placement, family offices are exposed to complex import duties, restitution claims, and conflicting inheritance laws across multiple sovereign jurisdictions.

Modern wealth governance requires constructing specialized international trust frameworks that isolate cultural assets within independent legal entities. Integrating professional provenance research, clear succession guidelines, and tax-efficient foundation management allows family offices to preserve both financial capital and cultural legacies for future generations.

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