Document background
The Revocable Trust Agreement is a fundamental document in Swiss wealth planning and asset management, despite Switzerland being a civil law jurisdiction that recognizes trusts through the Hague Convention rather than having its own trust law. This document is typically used when individuals or families seek to establish a flexible structure for asset management and succession planning while retaining control over their assets. It becomes particularly relevant for international clients utilizing Swiss financial services, as it must navigate both Swiss regulatory requirements and potentially cross-border considerations. The agreement includes comprehensive provisions covering trust creation, administration, modification rights, beneficiary interests, and termination procedures, while ensuring compliance with Swiss financial regulations, tax laws, and anti-money laundering requirements. The revocable nature of the trust provides the settlor with significant control and flexibility to adapt to changing circumstances or objectives.
