Best Practice - Family Matters On Line

Should I use a Liechtenstein foundation as a private trust company for my family trusts?

Many families use trusts as an estate planning vehicle and for wealth preservation. Increasingly, instead of using a trustee company owned by a financial service provider, a private trust company (PTC) is appointed as a trustee. The use of a Liechtenstein foundation as such a PTC offers several key advantages. Advantages of a private trust company However, there has been a growing trend to...

Markus Summer | Jul 28, 2014 | 5 min read

May foreigners acquire real estate in Switzerland?

The “Federal Act on Acquisition of Real estate by Persons living abroad” restricts the acquisition of real estate in Switzerland by foreigners. The acquisition of real estate by persons abroad is restricted by the Federal Act on the Acquisition of Real estate by Persons living abroad (“Bundesgesetz über den Erwerb von Grundstücken durch Personen im Ausland”, hereinafter “the Act”). This Act...

Walter H. Boss | Apr 21, 2020 | 4 min read

Why To Incorporate Philanthropic Giving Into Your Estate Plan?

Philanthropic giving can reduce the percentage of Inheritance Tax that must be paid on the estate and is therefore an important part of estate planning. There are many reasons why the inclusion of philanthropic giving into an estate plan can create financial advantages, not only for the charitable beneficiaries, but also for the owner of the estate and their heirs. People who are eligible to...

Edgar Paltzer | Apr 30, 2020 | 3 min read

Professionalising Family Business

Professionalising Family Business - Appointing non-family board members Sha is the third-generation director of a mid-sized and progressive medical company. His grandfather started the organisation on a very small scale in a small town in UP. The Board of the organisation consists of his uncle (father’s younger brother, cousins (father’s elder brothers’ son and himself) - all family members....

M.R. Rajesh Kumar | Dec 7, 2022 | 5 min read

Is Switzerland Introducing a Trust Law?

On a governmental level, the introduction of a Swiss law on trusts is currently being reviewed as Switzerland does not provide for a suitable instrument to be used for estate planning or asset protection purposes. Arguments for the introduction of a Swiss Trust Law It is argued that an introduction would have various advantages, for example citizens would be offered an instrument that is...

Natalie Peter | Jun 15, 2020 | 3 min read

Statutory succession or last will – what is what?

Many property owners as well as owners of other assets ask themselves whether it is advisable to make provisions for their own death, or whether it is better to simply leave succession to the (German) law. Nevertheless, the ability to take such a decision in an informed manner requires knowledge of the rulings contained in the law. Only those who know the statutory mechanisms can achieve an...

Dirk W. Kolvenbach | May 13, 2020 | 6 min read

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