Succession planning, generational change
The Hungarian entrepreneurial sector has recently entered into a phase where the resignation of a generation setting up the first private enterprises has become a real problem. Passing on the wealth collected through decades of work, finding the person managing the wealth, appointing and preparing the family members taking over the family business are typically complex tasks.
In every aspect of this complex and personal process, be it legal, tax, financial or HR advisory, Deloitte Private professionals offer clients the most specialized expertise available based on a trusting and direct relationship.
In close cooperation with the leading personalities of Hungarian business life and their families, our experts assist family-owned businesses in selecting and preparing new family member leaders or independent managers, as well as in developing the optimal legal and tax structure for the passing on of each asset item in order to help avoid tax risks related to the passing on of the wealth and enable the planning of related tax obligations.
Our experts specialized in advising on special life situations contribute to the development of cross-generation and sustainable solutions such as family constitutions, the development and documenting of governance models within the family or in the relationship of owners and the family business, or the drafting of last wills, even in situations with international elements.