Document background
The Trust Contract serves as the foundational document for establishing and operating a trust under Swiss jurisdiction. While Switzerland doesn't have its own substantive trust law, it recognizes trusts through its ratification of the Hague Convention and provisions in its Private International Law Act. This contract type is particularly relevant for high-net-worth individuals, international families, and organizations seeking to establish asset protection, succession planning, or charitable structures. The Trust Contract details all aspects of the trust arrangement, including asset transfer, management responsibilities, beneficiary rights, and governance structures. It's commonly used in private wealth management, family office arrangements, and charitable foundations, requiring careful consideration of Swiss banking, tax, and regulatory requirements. The document must be drafted to ensure enforceability under Swiss law while maintaining flexibility for international elements often present in Swiss-administered trusts.
