Family trusts and private foundations

Family trusts and private foundations

 

"In the ownership and family wealth planning process, it is critical to consider and plan for the tax aspects of the solution to be used - be it a family trust, a private foundation, a holding company, will, family constitution, etc. - to ensure that it is tax-efficient both in terms of establishment and operation."

In recent years, a number of new and modern asset management solutions have appeared in the Hungarian legal system with the explicit legislative aim of supporting the efficient ownership structure of domestic-owned companies and groups of companies, ensuring the intergenerational operation of companies and groups of companies and the use of modern forms of asset management.

For example, as stated in the Ministerial Explanatory Memorandum to the Trusts Act, the family trusts scheme was created to serve long-term, professional, and intergenerational fiduciary needs, following models with centuries of experience abroad.


Our expertise

The professional team of PMX Consulting Group Ltd. has been involved in the establishment of several family trusts and private foundations over the past years, where the total value of the assets involved was several 100 billion HUF, so it can be said that Mr. János Szalai partner and his team of experts are one of the leading players in this field.


Our services

Should you have any questions about establishing a family trust or a private foundation, or about how to run your existing trust structure in a tax-efficient and optimal way, we are happy to assist you.