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.
This is an age old question and the answer you get depends on whom you speak to and when.
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.
As equity markets have hit record highs in recent days, it is important to remember a few important investment rules.
I believe that eventually, digital currencies will become reserve currencies and all governments, institutions, and major asset managers, including pension funds, will allocate funds into cryptocurrencies.
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