Centrolaw

  Wealth planning is the implementation of the right solutions to preserve, grow and transfer your wealth. It is an ongoing process. For improvement, you need to stress test your wealth planning arrangement. This test will check whether your wealth planning solutions fit your purpose or not. Shaping your wealth strategies accordingly can help you achieve your goals and objectives. Furthermore, simplicity and diversification are advised when selecting wealth planning tools and providers. In addition, legal structuring will prepare the next generation for wealth transfer and protect it from risks. The clarity on goals reviewed in the wealth planning strategies helps protect wealth and keep it in the family for generations. To know more about wealth structuring, wealth protection, wealth transfer, and selection of the right wealth planning tools, services, and providers, read on: https://www.centrolaw.ch/en/insights/detail/improve-your-wealth-planning

  Wealth management is an essential part of life planning in many ways. How you preserve and grow your wealth impacts your lifestyle, living environment, and the people you are close to. It is no surprise that wealth owners seek the best specialists, solutions, and outstanding services. Read more:  https://vocal.media/lifehack/what-are-the-most-recent-trends-in-wealth-management

  When it comes to family offices, planning and managing wealth for the entire family are core capabilities. However, wealth planning goes beyond mere investment management. It covers the sum of arrangements to grow, preserve, protect, and transfer family wealth. It comes with legal, financial, and tax planning to achieve the ground plan's objectives. Thus a family's legacy and values play an essential role in preserving wealth over generations. A thorough assessment and alignment ensure that individual family members contribute to the family unity and preservation of family wealth.  Based on a shared understanding of the family's values and purpose of wealth, family offices can design and implement tailored investment strategies to preserve and grow wealth.   Designing individualized investment strategies Family offices are highly specialized wealth management service entities. However, a family office needs to be integrated into an overall wealth planning framework to ach

  When Charlie Chaplin arrived in Switzerland, the cantons implemented lump-sum tax regimes that attracted foreign celebrities to move to Switzerland. Even though there has been a political debate about such tax arrangements, it is not just limited to foreign countries but also happening in Switzerland. Cantons like Zurich and Basel abolished lump-sum taxation based on referendums or legislative initiatives. The Swiss tax system allocates taxation rights at a federal and cantonal level. Since tax laws are subject to referendum, people have the final say on taxes. According to the Swiss taxman, this may be a reason why direct and indirect taxes are not the highest in the international comparison.  Let’s understand what lump-sum taxation exactly is. It is a taxation methodology based on the taxpayer’s cost of living. The taxable base is then relevant for federal, cantonal wealth taxes. The benefit of lump-sum taxation is attractive tax results mainly if the taxpayer’s foreign income exce

  Surrounded by debates internally and from international borders, the Lump-Sum Taxation Model of Switzerland is a unique tax arrangement for foreigners that don’t exercise gainful activities in Switzerland.  In essence, the lump-sum taxation system focuses on the worldwide living costs of the family (including taxpayer and depending family members) and not on income and wealth. How is the cost of living calculated? To start, the cost of food and clothing is a primary inclusion. Subsequently, the cost of accommodation, utilities, personnel (wages), maintenance, and entertainment is added. The next category in the list includes sports, hobbies, holiday travels, insurance, vehicles, and further expenses Although taxes may be higher than in other jurisdictions offering taxation-based residence schemes, many foreigners deem taxes as an acceptable cost for living in Switzerland.  Source: https://www.centrolaw.ch/en/insights/detail/lump-sum-taxation-in-switzerland