Timmer Trust -Perpetual B-Corp DAO with quantum readiness
In May 2016, the inception of a Decentralized Autonomous Organization (DAO) known as Genesis DAO (built as a smart contract on the Ethereum blockchain) was announced. The DAO had a creation period during which anyone was allowed to send Ether to a unique wallet address in exchange for DAO tokens and was an unexpected success as it managed to gather 12.7M Ether (see Github).
This digital success story lead Tomas Zach a Burr&Burton Academy, Vermont and Greenwich University, UK graduate to follow up an analog success story of his direct ancestor Jan Timmer Sr., who as a mere immigrant to New York City managed to earn enough money in just 7 years to return back to the Austro-Hungarian Empire in 1879 and purchase a former medieval fishery&maltery estate in back than Bohemian Kingdom (for the city of Kutna Hora see RPG).
Due to vast experience in succession planning accumulated by working for a Liechtenstein law office as international lawyer, he concluded that no jurisdiction offers a truly flawless solution to achieving the only goal of succession - perpetual multi-generation family wealth (be it due to either ineptness or greed of human trustees). A next-gen solution presented itself after legislative breakthroughs both in Liechtenstein in 2020 (Blockchain Act) and Vermont in 2024 (DUNA Act).
That's how the development of the first ever fully decentralized autonomous fiduciary service started with ReBlock, leveraging hyper-ledger infrastructure in Liechtenstein and through acquiring legal entity in Vermont, USA be licensed by the Liechtenstein Institute of Professional Trustees and Fiduciaries - THK. The integration of the groundbreaking EU-AI Act into national law follows.
Timmer Family Office
The estate was renamed from the medieval name "Mečkas" to Lorec due to the colaboration between the Mečkas air kiln maltery with the neighboring Lorec brewery (see Survey). With the introduction of a steam powered maltery to the town brewery, the kiln has become obsolete and was converted to a heated horticulture by the son of Jan Timmer sr.
In 1927 Jan Timmer jr. married Zděnka Mlázovská a descendant of Hussite noblemen Bleh and Mlázovský of Těsnice dating back to the era depicted in the blockbuster game Kingdom Come (Kutná Hora town plays an integral role in Deliverance II with breathtaking medieval accuracy). The family estate then passed to his son Jiří, who restituted the "Communal horticulture" after the fall of the Berlin Wall (1989-1991).
In 2011 Jiří Timmer established a Family Office with his grandson Tomas Zach and after his demise, perpetual discretionary TIMMER TRUST was established by an irrevocable settlement, the 24th of March 2017, in the Principality of Liechtenstein. In 2018 the statutory heiress Renata Zachová MD (born Timmerová) transferred the estate (now under the German name Timmerhof) to the Trust.
Tomas Zach LLM (who coincidentally graduated from Burr&Burton Academy, VT in 1994) adapted the TIMMER TRUST to a hybrid Liechtenstein-Vermont Hybrid Discretionary Trust with B-Corp DAO Succession when Vermont passed a bill in 2018, which offered, through regulation, to Blockchain Based Limited Liability Companies (BBLLC) a recognized legal status, allowing it to enter contractual agreements (including the potential future ownership of the Timmerhof).
However a legal dispute arose when the "TIMMER TRUST" was wrongfully entered into the relevant property register as the sole owner of the estate instead of an accurate "Trustee as administrator of the TIMMER TRUST". An effective verdict No. 22 Co 121/2024 issued by the Czech appellant Central Bohemian court solved the discrepancy with keeping the entry in the property register as is. Thus after triggering the succession of TIMMER DAO LLC, the sole owner of the Timmerhof is (based on an effective verdict) the first Decentralized Autonomous Organization in world's history.
From a Freistadt "commune" to DAO
Commune Autonomous Organization
Ecosystem within the walls
Learn about the only functional commune brewery probably in the world today. This "Centralized Autonomous Organization" was established in 1770 in the Austrian Town Freistadt by 149 houses within the city walls (by the way besieged by the Hussites several times). The 149 founders could be viewed as early "token holders" nowadays and their "CAO" could never be changed, for that would require a consent of all the houses within the walls. Anyone?
1st blockchain restitution attempt
Lorec beer "on blockchain"
The Timmer Family Office reopened the Kutna Hora brewery with ex-PM of Czechia Mirek Topolánek in 2011. Heineken vs. Pivovar KH dispute was solved in 2014 with an effective settlement Case No. 21Cm 71/2013 in Prague. In 2016 the Family Office sold the brewery and concentrated only on the Timmerhof kiln restoration and family beer brands were moved to Brauerei Chur AG in Switzerland, where the 1st blockchain structure was drafted and? COVID-19.
Decentralized Autonomous Trust
Multi-Generational Strategy
The Freistadt "ecosystem" example, where 149 house "token" holders set up their "commune" autonomous organization laid the framework for our Liechtenstein-Vermont Hybrid Trust (with a B-corp succesion) in 2023. The aim of this TIMMER DAO is to benefit from the wit of our forefathers and adapt the "commune" ecosystem into a fully decentralized legal entity. And finish restoring the air kiln in Kutná Hora, the only one remaining in Central Europe...
Connect with us to explore the world's first perpetual family office and trust preservation solution.
Pflugstrasse 7, 9490 Vaduz, Liechtenstein
+423 794 90 98