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Old 27.06.2015, 17:21
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U.S. equivalent of a Swiss erbengemeinschaft [Community of Heirs]

Hey everybody! Can anyone tell me the American equivalent of a Swiss erbengemeinschaft? I'm specifically trying to find out if it would be considered a trust for U.S. tax reporting purposes. Thanks!
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Old 27.06.2015, 20:16
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Re: U.S. equivalent of a Swiss erbengemeinschaft [Community of Heirs]

Just my two Rappen:
An Erbengemeinschaft resembles a partnership in which the heirs are the partners. The partners may or may not be equal depending on the Will. The Erbengemeinschaft is a temporary vehicle and is dissolved when the net assets (or liabilities ) are distributed.

For more information:
http://www.erben-gemeinschaft.ch/

If reading German proves difficult, copy and paste contents into a web translator.
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Old 27.06.2015, 23:41
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Re: U.S. equivalent of a Swiss erbengemeinschaft [Community of Heirs]

It's not a trust, it just means that there is still stuff to divy up.

Tax wise, each owns their percentage, and gets taxed as if it was divided up.

Tom
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Old 29.06.2015, 19:05
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Re: U.S. equivalent of a Swiss erbengemeinschaft [Community of Heirs]

Thanks to both of you! I still will speak with a specialist lawyer but it's better to move forward with some knowledge. ��
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Old 29.06.2015, 20:51
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Re: U.S. equivalent of a Swiss erbengemeinschaft [Community of Heirs]

MIL passed away in 2011, we still have a certain part in the CE to divy up.

Meanwhile, she also had property in Italy, we are not even close to start divying that up.

Tom
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