Fiduciary asset management represents one of the ideal legal institutions in the event you wish to ensure that your assets are safe and also rest assured about their taxation – in certain cases, fiduciary asset management may offer fairly favourable tax conditions.

Highly popular in English-speaking countries for long years, the institution of “trust”, i.e. fiduciary asset management was made available by Hungarian law to clients in 2014. Although a growing number of people understand the concept of fiduciary asset management and benefit from the possibilities provided by fiduciary asset management, a lot of topics or issues still arise on our clients’ part, which indicate that they have little information on the subject.

Borrowed from the law of English-speaking countries and available since 2014 in Hungary, fiduciary asset management has centuries-old traditions. The idea is to provide an option for the settlor to think through the future of his/her assets consciously, in detail, focusing on their long term future – whether such assets be an undertaking owned by the family for multiple generations, or a holiday cottage, a business share in a particularly prosperous enterprise, or any other moveable or immoveable property or right. (In Hungary, agricultural lands are an exclusive exception from fiduciary asset management.)

Of the many benefits of fiduciary asset management, one of the most important ones is the ability to protect certain assets effectively and over a long period from potential external dangers – such as third persons or business risks.