Personal property management in trust: Implications for Vietnam

With the prosperity of nation, Vietnamese residents are beneficiaries more satisfactory legal frameworks regulating relatively all possible social issues. However, component personal asset management is considered to be refined. In reality, existence disputes and litigations over property in fields inheritance has placed pressure on legislators law practitioners. Citizens who not able manage effectively due lack time, incapacity, knowledge deficiency requesting an effective tool for a secure separation between beneficial interest right same property. At there exists cases where desires disposition upon death, property, family should respected accordingly. The demand or current framework become urgent than ever, rooting fact that existing legislation satisfied emerging need daily lives inhabitants even though global have proven trusts as very efficient method handle relevant practical matters. This paper focuses researching possibilities adopting Vietnam settle through analysis demands, major characteristics trusts, potential obstacles. Results shown high introducing into result Viet Nam Civil Code 2015 implies appropriate background such introduction. introduction adoption system will possibly offer enormous benefits country's civilians.