The fate of assets accumulated by previous generations may sometimes pose a great challenge to the heirs. Liquidating or cutting up certain assets is impossible for practical or conceptual considerations, whereas, in other cases, such a step would result in severe depreciation or market disadvantage, or, in certain instances, the expertise needed for managing the asset, such as an undertaking operating in a special area, may be missing. In such situations, fiduciary asset management may offer an effective solution.

Given that assets in fiduciary asset management, by default, do not belong to community marital property in Hungary, this form of protection may represent an ideal solution in cases where you do not intend to include an asset – such as a family asset/inheritance outside the linear property – in the community property, or, on the contrary, you wish to take care of someone despite the fact that you are not formally married or in a registered partnership.

There are countless personal, family or business situations in life where the owner of properties intends to separate their assets, temporarily or even in the long term, from their own, their family members’ or heirs’ scope of control, thus hiding a given asset from unauthorised eyes. Fiduciary asset management can provide flexible responses also in such situations, with maximum discretion.

On accepting certain offices or filling in certain positions, the issue of financial conflict of interest may arise. Fiduciary asset management may offer a suitable solution also in such cases as you can rest assured about the safety of your working property without giving up the challenges of the task undertaken.

Company owners enjoy highly business-friendly and favourable possibilities of taxation in Hungary, in comparison with those provided by EU law; accordingly, there is an opportunity to realise significant company transactions yielding considerably higher revenues, compared to other EU member states, once they are properly planned and subjected to comprehensive and prudent legal and financial reviews. Fiduciary asset management may represent an effective and flexible tool also in this process.

According to Hungary’s law, succession enters into force immediately after the testator’s decease – this, however, may in many cases cause disadvantages in respect of the estate. In case of fiduciary asset management, on the other hand, sets of criteria may be established also for inheritance to help property-related decisions prevail even well past the testator’s death – which may ensure the unity and proper management of the assets even years later.