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04.03.2022
ON MARCH 1, 2022, PROVISIONS OF THE CIVIL CODE OF THE RUSSIAN FEDERATION ON PERSONAL FUNDS WILL COME INTO FORCE
Since September 2018, provisions have appeared in the Civil Code of the Russian Federation providing for possibility of establishing inheritance funds. Such fund may be created in pursuance of the will of a citizen and on the basis of his property. On March 1, 2022, a law will come into force, which, instead of these norms, introduces new ones - on personal funds, which may be either intention, or hereditary. A new concept will also appear in the Civil Code - "publicly useful funds".
 

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