STEP Hungary 2025 Conference

The event entitles to 6 credit points in accordance with the Hungarian Bar Association's Regulation No 18/2018 (XI.26) on the Continuous Legal Education.

Trusts and Foundations in Hungary, Czech Republic and Poland 

Over the past ten years, various legal structures suitable for wealth planning and management have been developed in Central Europe, gaining increasing popularity not only within the region but also internationally. In this panel, the speakers will present the characteristics of Hungarian and Czech trusts, the specific features of the Polish private foundation, and the legal solutions applied in Slovakia placing particular emphasis on the advantages of each legal structure.

Relocation of Individuals and Families – how does it effect estate planning? 

In this panel experts delve into the legal labyrinth of estate planning for high-net-worth individuals and families on the move. The panel will navigate the twists and turns of cross-border inheritance rules – because when it comes to relocating persons and their wealth, the devil is in the (legal) details. 

Art pieces and art collections in the trust   

In the context of managing private wealth, the management of art pieces, especially large collections, is gaining increasing attention worldwide due to its unique characteristics. Since these are specialized assets compared to other types of property, it is important to assess the knowledge, requirements, and techniques necessary for their management. These objects can represent immense value, but their proper management can incur significant costs. Without aiming for completeness, a well-prepared wealth manager must ensure proper cataloguing and archiving, storage, warehousing, transportation, insurance, development of utilization methods, creation of sales and purchasing policies, and last but not least, establishing cooperation with public collections. All of this requires complex knowledge, which is only partially regulated by law. This panel discussion aims to review and organize this set of tasks.

Crypto in the portfolio – challenges and best practices of managing crypto assets in a trust   

As cryptocurrencies continue to gain mainstream acceptance, high-net-worth individuals face unique challenges in transferring these digital assets into trust structures. The rise of cryptocurrency presents both opportunities and challenges for trustees, wealth managers and tax professionals. This panel will delve into the complexities of integrating crypto assets into trust structures, addressing critical issues such as international taxation, valuation, security, and succession planning. Our panel of experts will provide actionable insights and real-world strategies to help fiduciaries effectively manage digital assets while balancing risk and reward. Join us to explore how trusts can adapt to the evolving digital economy and leverage crypto as part of a diversified portfolio. Whether you're a trustee, legal advisor, or wealth manager, this session will provide valuable guidance on navigating the evolving landscape of digital wealth management.

Trustees’ and Directors’ Liability – is it a risky business  

The liability regime of a trustee in the case of trust of directors in the case of a foundation is complex, as they may be liable to the settlor, to the beneficiaries and to third parties as well. In some cases, they are liable with the assets they manage, while in other cases they are liable with their own assets. Furthermore, the task of anti-money laundering is also assigned by the states to the trustees. It is in the trustee’s and director’s interest to limit its liability as much as possible, but this may hinder the trust of the settlors and the beneficiaries. Limiting the liability may also damage the trust’s integrity, and give potential weapons to third party creditors. Navigating these conflicting interests require skilled professionals, who can view such cases objectively. In this panel discussion the speakers will discuss and explore these thought-provoking topics.

Family Governance, Family Constitutions – recent challenges of transgenerational wealth transfer  

Explore how families can navigate complex dynamics, establish enduring values, and implement effective governance structures to safeguard their legacy. Featuring leading experts, this panel will delve into the vital role of covenants, constitutions, and strategic planning in fostering unity and sustainability across generations. Don't miss this opportunity to gain insights into the evolving practices of family governance in a global context.

Vulnerable Clients – how to assist clients with limited mental capacity  

This session will delve into the challenges and best practices for supporting clients who face cognitive limitations. Our expert panelists will share their experiences, strategies, and innovative approaches to ensure these clients receive the care and assistance they need. Don't miss this opportunity to learn from leading professionals in the field and enhance your understanding of how to provide compassionate and effective support to vulnerable clients. Mark your calendars and be part of this important conversation!