Trust Laws in the Czech Republic and Hungary

James Turnbull,Paolo Panico,István Sándor

ISBN13: 9781837230068

Imprint: Globe Law and Business Ltd

Publisher: Globe Law and Business Ltd

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Published: 31/08/2024

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Description
Both Czech and Hungarian trusts celebrate their 10th anniversary in 2024. These modern structures were introduced in response to the limitations of earlier succession-planning mechanisms and, together with other legal instruments, provided new tools for wealth management, estate planning and asset protection, which have reshaped the estate-planning environment. Trust Laws in the Czech Republic and Hungary explores the issues and challenges encountered when introducing common law trust concepts into civil law legal systems. It also reviews the legal and practical aspects of trusts in these two – quite different – jurisdictions, and the book is divided into two parts which deal separately with Czech and Hungarian solutions. Authored by well-known experts in this field, chapters cover the basics of the structures, providing a broad overview of key points including: the legal and regulatory formalities; trustees: their duties and responsibilities; beneficiaries; taxation; and the practical uses of trusts for estate planning and asset protection. This title provides the only systematic review of Czech and Hungarian trust laws in English. It is an invaluable reference work to help lawyers and other private client advisers structure their clients' wealth. Additionally, professional trustees involved in the administration of Czech and Hungarian trusts, as well as accountants and tax advisers dealing with the tax treatment of trusts in the CEE region, will find this to be an indispensable guide.
Part I: Trust Laws in the Czech Republic History, implementation, peculiarities and adaptations James Turnbull Formalities and documents – statute, contract, changes Vlastimil Pihera How trusts are used Helena Svárovská Trustees Petr Laštovka Trustee duties and responsibilities Petr Jakubec Beneficiaries, eligible persons and rights to information Jirˇí Pokorný David Neveselý UBO register and register of trusts Daniela Gadasova Taxation of trusts Ivan Ková Private family foundations – an alternative Šteˇpán Holub Part II: Trust Laws in Hungary History, implementation, peculiarities and adaptations István Sándor Settlors, formalities and documents – contract, unilateral declaration, testament – changes István Sándor How trusts are used Ákos Menyhei Professional trustee István Illés Ad hoc trustee Sára Seszták Beneficiaries, protectors, eligible persons and rights to information Gábor B Szabó Register of trusts and UBO register Ákos Menyhei Taxation of trusts Csaba Magyar Private family foundations – an alternative Ákos Menyhei
  • Legal skills & practice
  • Equity & trusts
  • Professional & Vocational
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List Price: £150.00