Trust funds are used in many countries around the world, and since the entry into force of the current Civil Code, the Czech Republic has joined these jurisdictions. Typical reasons for establishing a trust fund in the Czech Republic include:
the wish to designate a specific person or group of persons, with clearly defined rules as to when and how much they are entitled to receive from the trust fund,
the desire to protect assets from potential future creditors, enforcement authorities, ex-spouses, and other third parties,
ensuring business succession,
supporting a specific purpose, such as an institution, sports club, municipality, etc.
You can learn more about what a trust fund is, what may motivate its creation, and what types of trust funds exist in our articles and videos on the blog.
We are happy to assist you with the establishment and administration of a trust fund. If you are considering setting up a trust fund, contact us to arrange a personal consultation. We will clarify your goals, what you expect from the trust structure, and whether it is the right legal solution for your needs. If so, we will draft the necessary founding documentation, arrange for a notarial deed, and ensure registration in the Czech trust register.
Information on the cost of setting up a trust fund can be found in our price list.