Inheritance advance – what you need to know
An inheritance advance is a special form of gift. However, the recipient must offset this free gift from their share of the inheritance when the estate is divided up. Read on to find out what you need to know to prevent disputes later on.
Statutory entitlement in law of succession
Swiss law not only determines who the heirs of a person are, it also stipulates the share of the estate to which the heirs are usually entitled. In order to determine the legal succession, Swiss law uses a parentelic system.
The inheritance contract
A person can set up an inheritance contract to prepare for their death. This will allow them to dispose of their assets after their decease.
Will – requirements on form and content
In the event of death, the will is often the most important surviving document. In order for it to be valid, it must meet certain formal requirements. Normally, it must be written by hand, as well as dated and signed.