Post by STEP – Advising Families Across Generations

The Czech Republic pioneered asset management structures within the European Union. The Civil Code, effective from 2014, adopted the Quebec fiducie model, in Czech, svěřenský fond (the Czech trust), as a continental equivalent to the Anglo-Saxon trust. This instrument has since become widely used for private asset management and succession planning. In this STEP Journal article Milan Sivy TEP and Jiří Pokorný discuss the increasing prevalence of family foundations in Czechia and their key advantages over trusts as succession planning structures. 📖Read more in the article: https://lnkd.in/eNURB935 #STEPCPD #Succession