Schindler - Family Matters On Line

The History and Definition of the Family Office

Family Offices – A History and Definition It is often assumed that the acclaimed American family, the Rockefellers, pioneered the family office in the late 19th century. However, history suggests otherwise. While today’s family offices are a modern phenomenon, they have always existed in various shapes and forms since ancient times. The discussion around family offices has intensified over...

Jan van Bueren | Jul 14, 2016 | 8 min read

Discriminatory inheritance and gift tax regime for non-residents in Spain?

Discriminatory inheritance and gift tax regime for non-residents in Spain? Under Spanish regulations, mortis causa transfers and inter vivos gifts are subject to inheritance and gift tax (“IGT”). Spanish resident individuals are subject to IGT on their worldwide assets acquired, while non-residents are subject to this tax exclusively on their assets in Spain or rights that may be exercised in...

Sonia Velasco | Aug 22, 2014 | 3 min read

Family governance – Getting the basics right

Advantages of family businesses What makes family business different from ordinary businesses is that they commonly have a small base of manager-owners. This can translate into fast strategic decision-making. At the same time, family shareholders are more likely to take a long-term view of the development of their company than financial investors thus giving more importance to sound basic...

Urs Feller | Jul 28, 2014 | 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

How to deal with the family business, finances and disputes?

Sound Management A Family business is the pillar of Family assets. A special attention should be given to it in a Family Charter. Who manages the Family Business? Family members and/or others? They may be assisted by consultants and advisers. How are Family directors and officers appointed? Are they remunerated? If yes, what is their legal status? Are they employees of the Family? How to...

Saba Zreik | Apr 21, 2020 | 8 min read

Can I Create A Trust Under Swiss Law?

Switzerland does not have a law relating to trusts. However, it ratified the Hague Convention regarding trusts and agreed therefore to recognise trusts that are created in accordance to the convention. Switzerland, as a civil law country, does not have a law relating to trusts. The creation of a trust under Swiss law is, therefore, not possible. It is noteworthy, however, that in 2018 the...

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

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