Do I have to appoint an executor when I create a will?

Here you will find the right answers

About Moneyland Forum

The moneyland.ch forum lets you exchange knowledge on numerous topics related to money and get answers to your questions at any time. Join forum users and experts in discussions relating to banking, investment, insurance, retirement, telecom and everyday money topics.

Show categories

Please login in or sign up to participate in the forum.
 
avatar
  • BenutzernameMoneyland User Questions
  • Status Member
  • Registriert seit1/27/17
  • Beiträge2142

I am considering making a will (just in case), and I am wondering whether I will have to choose an executor if I do. I am not sure who I would assign the task to. Is appointing an executor a legal requirement when you create a will?

 
avatar
  • BenutzernameMoneyguru von moneyland.ch
  • OrtSchweiz
  • Status Expert
  • Registriert seit8/4/15
  • Beiträge4072

Hi there,

You are not legally obligated to appoint an executor when you create a will. Laws associated with the execution of wills vary between cantons. As a general rule, if you choose to appoint an executor, you are free to choose any person you want - no qualifications are required for a person to be eligible as an executor. When you die, the executor named in the will can normally choose whether or not they want to handle the execution of your will.

Appointing an executor can be a good move in certain cases. If, for example, you are concerned that your heirs will not accept the terms of your will and divide your assets amicably, appointing an executor to distribute assets can help to prevent unnecessary confrontations. If you have debts, own real estate, are engaged in complicated legal contracts or own securities and other complex financial products, appointing an executor who is an expert in the relevant fields can help your heirs to appoint legal pitfalls.

Best regards from Moneyguru

More on this topic:
Swiss inheritance laws explained
Compulsory share of inheritance definition

 

Request now for free

Cheap bank accounts with card

Swiss Bank

Bank WIR Bankpaket Top

  • Free account & card

  • No exchange fees for foreign payments (interbank exchange rates)

  • 24 ATM withdrawals worldwide per year free of charge

Swiss digital bank

Radicant

  • High interest on your everyday account

  • Best exchange rates

  • Up to 1% of card spending as saveback in the investment portfolio

Free bank account

Yuh

  • No account fees

  • Banking partner: Swissquote & Postfinance

  • CHF 20 trading credit with code «YUHMONEYLAND»

Swiss digital bank

Alpian

  • CHF 100 welcome bonus

  • Favorable foreign exchange rates

  • Multi-currency account with Visa card (CHF, EUR, USD, GBP) 

Online private account

UBS key4

  • 50 KeyClub points as a welcome gift

  • Online private account with debit card

Request now for free

Cheap bank accounts with card

Swiss Bank

Bank WIR Bankpaket Top

  • Free account & card

  • No exchange fees for foreign payments (interbank exchange rates)

  • 24 ATM withdrawals worldwide per year free of charge

Swiss digital bank

Radicant

  • High interest on your everyday account

  • Best exchange rates

  • Up to 1% of card spending as saveback in the investment portfolio

Free bank account

Yuh

  • No account fees

  • Banking partner: Swissquote & Postfinance

  • CHF 20 trading credit with code «YUHMONEYLAND»

Swiss digital bank

Alpian

  • CHF 100 welcome bonus

  • Favorable foreign exchange rates

  • Multi-currency account with Visa card (CHF, EUR, USD, GBP) 

Online private account

UBS key4

  • 50 KeyClub points as a welcome gift

  • Online private account with debit card

Deal of the Day
×
Swiss Bank

Bank WIR Bankpaket Top

Free account & card