The answer is clearly a No and you should not pay exorbitant trustees fees. Trustees are entitled to “reasonable” compensation and state-of-the-art trust document normally explicitly provides for such in a separate charging clause.
Fiduciary businesses in Switzerland were cheering on April 26, 2018, when the Legal Affairs Committee of the upper house of the Federal Assembly of Switzerland — the Council of States (LAC-S) — approved the parliamentary initiative to introduce a Swiss substantive trust law.
We feel it makes good sense for any individual to hold a significant portion of their assets in Switzerland. This is also a good idea even if it is only for diversification purposes and the main bank relationship or wealth is still held elsewhere.