To whom do you bequeath your art? Dividing an art estate may be difficult. Since an heir can in principle not select any item. When dividing, all heirs have an equal right to the estate property according to Art. 610 para. 1 of the Swiss Civil Code. In the event of disagreement, an art object is to be allocated to… Read More »Bequeath art
The testator, born in 1957, adopted by Germans as an adult in 1990, made a will by public deed to dispose his property to his natural Polish parents in 1991. In addition, he made a holographic will in 1998 according to which AA or PA were entitled to designate his savings as well as assets in Switzerland and Germany according… Read More »No Delegation
You are at liberty to decide what you want to leave behind, whom you want to thank, whom you would like to give a treat, whom to support, or to pay forward. You have the opportunity to do so. Swiss Inheritance Law Revision Due to the revised Swiss inheritance law you will always be able to freely dispose of at… Read More »Unforgotten
Large court bill instead of millions Avoid headlines like: A testamentary heiress receives a large court bill instead of millions in inheritance because a final signature is missing under the will. Do you want control over your estate and certainty that your last will and testament will be respected? Requirement of form Formal requirements must be followed, otherwise you will… Read More »Will without final signature
Have you already expressed your appreciation and friendship today? Does your partner fulfill you every wish? Are you still passionately in love? Or are you in the second phase of love? Do you feel familiarity and connection? Is everyday life and routine catching up with you? Do you renew your love every day with small gestures and sincere compliments? Do… Read More »Happy Valentine’s day!
Active, self-determined estate planning Have you made your own arrangements for your estate? Are you fully utilizing your options? Swiss law determines who will inherit and how much if you remain inactive. How much your legal heirs (blood relatives, surviving spouse) will receive (so-called inheritance quota) depends on your family circumstances. A distinction is made whether you are single or… Read More »Proportional right to an inheritance
Who will inherit you if you remain inactive? If you die intestate, without a will or inheritance contract (aka contract of succession) (so-called testamentary disposition upon death), the statutory succession applies. The law determines who will inherit you (so-called legal or statutory heirs) and with what share (so-called inheritance quota). The revised inheritance law does not affect the statutory succession… Read More »Legal / statutory heirs
What willl change? My best wishes for a prosperous 2023, in the best of health, with satisfaction, interesting encounters, new opportunities and with a lot of passion, in everything you do. There are also reforms in 2023: Revision of the Swiss corporate law On January 1, 2023, various amendments to Swiss company law will come into force. Existing companies must… Read More »Here’s to a prosperous, successful 2023.
Do works of art in a Swiss estate count as household effects or as an asset? What are the tax consequences? An art collection may qualify as tax-exempt household goods or taxable investment / asset in Switzerland. Critieria The decisive factors may be the ratio of the value of the art objects to the total assets, the type of insurance… Read More »Works of art as household effects or as an asset
The grandmother gifted the painting to her niece, and she sold the house to her grandson under a reservation clause. C was the owner of a house with art works, including a painting by the Swiss artist Carigiet. She gifted her niece B this painting by a written contract dated 20 January 2006. The painting remained in the house, as… Read More »Whom does a valuable painting in a house belong to?
