What is the benefit of a will in estate planning?
A will ensures that things are handled predictably and smoothly, making estate planning more efficient. It can prevent disputes and benefit beneficiaries accordingly. In Switzerland, you can handwrite a will or draw it up as a public will. An oral will can be made in emergencies when a notary cannot be present. The content of the will itself is not published.
With a living will, you retain your right to self-determination even if you can no longer exercise it yourself. The executor can have wide-ranging powers to administer the estate and distribute it following your specific wishes. If you own assets in various jurisdictions, you may want to consider having more than one will.
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