The instrument of the Trust has a history of several hundred years in the Anglo-Saxon legal environment and it is becoming more and more important in many countries of the financially developed world. The concept of the Trust was first introduced in Hungary by the new Hungarian Civil Code, effective since 2014. The creation of a trust enables its Settlor for long-term wealth-planning, determining the timing and process of succession. A trust settlement also assures the protection of assets included in the trust fund by separating those from remaining active business interests or personal assets of the Settlor. Furthermore, the trust provides tax-efficient structures for charity or other personal goals.
BekesPartners offers individually tailored legal-, tax- and operational advisory services for Trustees and Settlors on an ongoing basis, starting from designing wealth- and trust-structures, establishing the trust settlement, managing structural updates as required and advising on operational issues.
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Structure consulting
Moscow :Structure consultingTogether with our highly experienced legal and tax team, we provide comprehensive services to the potential Settlor(s) to define the main objectives of the fiduciary asset management settlement, the structure of the asset management, family law issues or any preliminary legal actions, if necessary.Moscow :
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Settlement
New York :SettlementBekesPartners provide legal and advisory services for the Settlor or if necessary to the Trustee, including but not limited to drafting the fiduciary asset management agreement in line with the defined goals and structure, corporate services, certification processes, public registration, assistance in filing the settlements with the Hungarian National Bank.New York :
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Change management
Tokyo :Change managementAs it becomes necessary from time to time, we provide comprehensive legal, tax and operational consulting services, should the terms of the fiduciary asset management agreement need to be modified. Similarly, we offer legal support in case the persons concerned (Settlor, Trustee, Beneficiary) with the fiduciary asset management are to change for any reason.Tokyo :
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Operational support
Vienna :Operational supportAfter the settlement of the fiduciary asset management agreement, we offer support to the Trustees in their daily administrative activities, like tax and legal compliance, reporting obligations. We also support the clients with executing and administering any change in the fiduciary asset management agreement, or the concerned persons.Vienna :