What citizenship will the children have?
If it is necessary to use health care during your stay, what options do we have for this?
National health care is available to everyone, with an EHIC or GHIC card based on the insurance status of your own country, or simply with travel insurance taken out during your travels.
We pay the assets and cash accumulated by the company to our children in instalments: at the age of 24, 34, 44, 54 and 64, in 20-20% increments. โ It is expected that we will no longer be with our adult child when they are 44 years old. In this case, how is the payment made?
The proper processing of the payments will be supervised and managed by the dynasty's asset management company.
All my children will share equally in all assets, objects and real estate owned by the company. โ
- OK, but where can this be seen? (Legally)
Legally in the company. All jointly acquired property becomes the property of the company.
Non-jointly acquired property is not included in this.
- If there is a premature death, how do the children get access to the Company's assets? And if they are still minors?
If the children are minors, their legal guardian or a previously appointed person or asset manager will be the supervisor and administrator of the portion left for the child until the child reaches adulthood.
Adulthood, coming of age (legally) can cause anomalies, as in different countries this means a different age (eg: Scotland 16 years)
Regardless of the laws of any country in the world, all countries recognize adulthood at the latest at the age of 24. That is why the transfer of 20% - 20% ownership of the company begins at the age of 24.
Furthermore, if all these assets and real estate are encumbered by a loan, what happens in that case?
If the dynasty buys assets on credit, the company must continue to manage them in accordance with its business policy.
Does the child receive a certificate of education?
Yes of course.
Have a reasonable and better idea? Or have a question?
All constructive ideas are welcome!
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