Divorce planning involves organizing finances, assets, and debts to prepare for the legal and financial consequences of a divorce. It includes determining alimony, child support, custody arrangements, and property division, as well as updating estate plans, insurance policies, and retirement accounts.
When planning a divorce in Switzerland, our job as Financial Planners is simply to help you:
- Assist in evaluating marital assets, including financial accounts, properties, investments, and businesses.
- Provide guidance on spousal support arrangements and the tax implications on any award given by the courts.
- Analyze the tax consequences of various divorce settlement options and optimize the financial outcome for your share.
- Assess and advise on the award of any retirement assets and pension plans, ensuring the assets are suitably held for your long-term financial security.
- Assist in implementing strategies to protect and preserve wealth, such as estate planning and asset management, to secure your financial future.
In Switzerland, one or both spouses must be a resident for at least one year before filing for divorce. If both parties agree to the divorce, they can file jointly. If not, one party can file and the other party must be notified and given the opportunity to contest the divorce.
In Switzerland, the default rule is that assets and debts are divided equally between the spouses. However, the court may consider factors such as the duration of the marriage, the financial contributions of each spouse, and the needs of each spouse when dividing property.
In Switzerland, the best interests of the child are the primary consideration when determining custody and visitation arrangements. If the parents cannot agree on a plan, the court may appoint a custody expert to make recommendations. The court may also consider the child’s wishes if they are mature enough to express them. Joint custody is common in Switzerland, and visitation schedules may vary depending on the child’s age and the distance between the parents’ homes.