Parliament wants more powers for family foundations
Natalya Ezzaini
On February 27, 2024, the National Council also approved a motion by Aargau FDP Council of States member Thierry Burkart, after the Council of States had already done so. It goes to the Federal Council for implementation.
On February 27, 2024, the National Council also approved a motion by Aargau FDP Council of States member Thierry Burkart, after the Council of States had already done so. It goes to the Federal Council for implementation.
In future, the Swiss family foundation should also be able to be used for estate and asset planning. Burkart argues that many Swiss families are turning to foreign foundations to achieve precisely this goal.
On the other hand, the National Council rejected a parliamentary initiative to introduce trusts into the Swiss legal system. It is better to rely on the Swiss family foundation than on financial vehicles from abroad.
The parliament's press release is available here.
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