Personal Fund in the System of Legal Entities

Abstract

The subject of the research of this article is a personal fund, which is an organizational and legal form of a non-profit organization of a unitary type. The article offers an analysis of the constitutive features of this organizational and legal form, identifies some problems associated with its participation in civil turnover. The mechanisms of personal fund management and its termination are investigated. Options for determining the beneficiary of a personal fund are considered. The assessment of the applied value of the personal fund in view of the factthat the mechanism of legal regulation of the inheritance fund was not effective enough for civil turnover, the legislator developed a more perfect mechanism of legal regulation of the personal fund. It is noted that the main advantage of a personal fund in comparison with a legacy fund is the possibility of its lifetime establishment, monitoring of activities and the possibility of changing the structure of its management during the lifetime of the founder of the personal fund.