Investment funds as an alternative for inheritance succession

Investment funds are being highlighted as a structural alternative to traditional inheritance methods, which often involve dividing physical assets and causing economic fragmentation. By using investment funds, heirs can receive participation units rather than direct co-ownership of individual assets like real estate or corporate holdings. This approach allows for the preservation of the economic value of a unified estate while enabling the distribution of wealth.

In a corporate context, this structure decouples kinship from property ownership and management capacity. However, a distinction must be made under European law between collective investment schemes and family offices. While family offices manage family wealth without raising external capital, investment funds require a formal collective investment project and specific legal structures.