Document background
The Memorandum of Wishes serves as a crucial complementary document in Swiss estate and trust planning, providing detailed guidance while maintaining flexibility in asset administration. This document type is particularly relevant in Switzerland, where, despite not being a traditional trust law jurisdiction, trust arrangements are recognized through the Hague Trust Convention. A Memorandum of Wishes typically accompanies a trust deed or will and contains detailed preferences regarding asset distribution, beneficiary support, investment approaches, and family values. While not legally binding, it provides trustees and executors with valuable insights into the settlor's or testator's intentions, helping them make informed decisions that align with the original vision for the trust or estate. The document is especially useful in situations involving complex family structures, substantial assets, or specific requirements for beneficiary support and asset management.
