Trust management has been an established legal institution in the Hungarian legal system since 2013. Based on market needs, trust management provides a wealth management structure designed to support the protection and growth of significant family assets, as well as to facilitate and implement successful generational succession. In addition, it may serve asset protection purposes and, within the framework provided by applicable tax legislation, can be an effective tool for tax planning and tax optimisation.

Under a trust management arrangement, the settlor appoints a person selected by them (either a legal entity or an individual), also known as the trustee, to manage and increase the value of the assets transferred by the settlor upon the establishment of the trust. The trustee is responsible for distributing such assets to the person or persons designated by the settlor, i.e. the beneficiary or beneficiaries, in accordance with the provisions of the trust agreement.

Our trust management services include:

Preliminary advisory services:
Tailored advice for individuals and businesses regarding the opportunities and considerations associated with the trust management of private and corporate assets.

Wealth planning:
Advisory and implementation services relating to the restructuring of existing business and private assets prior to the establishment of a trust or during the asset transfer process.

Implementation:
Provision of legal, tax and accounting advisory services related to the establishment and implementation of a trust management structure.

Taxation:
Identification of effective tax planning opportunities related to asset transfers and advisory support regarding applicable tax obligations.

The BDO expert team is at your disposal for any questions related to trust management.