Illustrative case studies for Swiss clients

A Swiss national owns a successful and expanding local business. He wants to secure his family and business in case of his death.

Needs

• Immediate and smooth transfer of assets to his family when he dies
  
• Simplified reporting obligations
• Asset protection for his expanding business
• Efficient tax treatment of the income deriving from managing his portfolio of financial assets

Solution

• Estate Planning. Freedom to select beneficiaries wherever they are domiciled. Efficient and fast asset transfer to heirs. No probation period, collection of worldwide assets, or inheritance declaration.
• Simplified Reporting Obligations. Only policy value included in tax return. One policy for all portfolios.
• Taxation. Tax-privileged life insurance as per the legal regime governing Pillar 3b in Switzerland.
• Multiple Custodians. The contract can have multiple custodian banks managing the assets, and assets are consolidated in the insurance statement.
• Asset Protection. Financial protection for the survivors through a guaranteed lump-sum death benefit over the full term of the insurance.

A Swiss resident with a large investment portfolio comprising various securities is planning his succession.

Needs

• A simplified way to manage the portfolio
• Effective succession planning
• Protection of savings from risks ordinarily connected to business activities
• Simplified reporting obligations and increased financial privacy

Solution

• Estate Planning. Freedom to select beneficiaries wherever they are domiciled. Efficient and fast asset transfer to heirs. No probation period, collection of worldwide assets, or inheritance declaration.
• Simplified Reporting Obligations. Only policy value included in tax return. One policy for all portfolios.
• Multiple Custodians. The contract can have multiple custodian banks managing the assets, and assets are consolidated in the insurance statement.
• Investment Flexibility. For example, the client has a free choice of investment strategy, and of the underlying investment instruments (except Swiss Life restrictions).