Family & Wealth

‘Till death do us part. Matrimonial property and inheritance

On their wedding day, a couple vows (both to themselves and to each other) to live together happily ever after. But what happens after that, in case one of the spouses dies? The surviving partner must deal not only with a profound personal and emotional turmoil, but also with significant legal and financial changes.

David Neveselý, Jiří Kunášek a Veronika Bočanová · 8 January 2024

With health problems to a medical expert,

With assets to a multi-family office

When you break your leg, you want the best surgeon or orthopaedic surgeon to take care of you. It should be the same when it comes to family assets. Today, experienced professional management is increasingly used, not least because the family successors of entrepreneurs who have managed to build significant wealth over the last 30 years now face the difficult task of ensuring that their assets are managed so that their value does not fall, and the revenues continue to provide for the family.

Who manages Czech family assets?

Increasingly, it’s women

Women are becoming more actively involved in managing assets and addressing financial issues. A fifth of women decide on family wealth independently. They tend to invest more conservatively than men, taking sustainability into consideration. This was found in an extensive survey conducted by our law firm in cooperation with RSM CZ and the research agency Ipsos.

What happens after death? A philosophical but also practical question that everyone should answer

Life brings different situations and some of them are unfortunately not very happy. Safety and security – that’s what anyone would want for their loved ones. Yet many people do not address what will happen to their property when they are gone. They thus put their family in an unenviable situation.

Jiří Kunášek · 11 September 2023

To marry or not to marry a foreigner?

Love knows no borders and thanks to travelling, studying, and working abroad, relationships with partners from countries other than the Czech Republic are now quite common. Couples in love, however, do not always realise that cultural differences can also mean big legal differences.

Veronika Bočanová a Renáta Šínová · 9 January 2023

Interview

From wealth to effective asset management

Successful entrepreneurs have so far increased their wealth enormously, mainly by building and developing their firms. Now comes the time when efficient and professional property management will be crucial for their further development, but also for the mere maintenance of their value, says Jaroslav Havel, the managing partner of the largest Czech and Slovak law firm HAVEL & PARTNERS.

We see women grow

Substantial wealth in Czechia and Slovakia is bound to change hands in favour of women

The female element in business is increasingly important. Controlling one-third of the world’s wealth, women have been raising the value of their assets at a much faster rate in recent years than ever before. According to an analysis by NextŽeny, up to 70 percent of the richest Czech families’ wealth might pass into the hands of women in the future.

Be like Rockefeller – effective protection and management of private clients’ assets

The descendants of John D. Rockefeller, the family of Bill Gates and the Li Ka-shing dynasty all rely on family office solutions. Today, successful entrepreneurs in the Czech Republic and Slovakia also take advantage of the structured management and protection of family assets.

Jaroslav Havel a David Neveselý · 11 January 2021