Montenegro does not have a legal framework that recognises the concept of a trust, where a trustor authorises a trustee to manage property or assets for the benefit of a third party, the beneficiary. This absence poses challenges for individuals who need similar arrangements for asset management. This article will explore if there are any alternative approaches individuals can adopt in Montenegro to achieve the benefits typically provided by trusts.

Montenegro

Given the limited research conducted on this topic, the article seeks to offer practical insights into potential legal mechanisms that could serve similar functions to a trust, ensuring effective management and transfer of assets in alignment with the owner's intentions in jurisdictions lacking explicit trust laws, such as Montenegro.

beaglecharityhk@gmail.com