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20.04.2023, 09:05
| Newbie 1st class | | Join Date: Mar 2014 Location: Geneva
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| | Inheritance cash for minor
If a minor inherits cash, in Switzerland and cash is transferred to parent‘s, does the parent have the legal right to spend the money?
Thank you
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20.04.2023, 09:08
|  | Moderately Dutch | | Join Date: May 2011 Location: Zurich
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| | Re: Inheritance cash for minor | Quote: | |  | | | If a minor inherits cash, in Switzerland and cash is transferred to parent‘s, does the parent have the legal right to spend the money?
Thank you | | | | | I´d say no as it is not their cash. It belongs to the child and a parent does not automatically have a right to it.
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20.04.2023, 09:23
| Forum Legend | | Join Date: Mar 2008 Location: ZH
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| | Re: Inheritance cash for minor
Yes, exactly. The principle is that the parent has the duty to protect the child's rights. This applies in general, and therefore also to protecting the child's rights over the money that belongs to the child, not to the parent.
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20.04.2023, 10:02
|  | Forum Legend | | Join Date: Dec 2010 Location: Lugano
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| | Re: Inheritance cash for minor
If it's for the child's benefit, yes.
Tom
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20.04.2023, 10:04
|  | Roastbeef & Yorkshire mod | | Join Date: Jan 2010 Location: Neuchâtel
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| | Re: Inheritance cash for minor
If the parent spends it on something which benefits the child then yes they can legally spend it. If they spend the money on themselves then it would wrong as the money legally belongs to the child.
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20.04.2023, 10:33
|  | Forum Veteran | | Join Date: Jan 2012 Location: thun
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20.04.2023, 11:11
| Forum Legend | | Join Date: Jul 2020 Location: Up there over the fog
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| | Re: Inheritance cash for minor
It should be transferred to a specific account in the child's name anyhow, and kept totally separate.
For the 'child's' benefit is a bit vague... if you buy a new Porsche you could argue the child will enjoy riding in it. If you buy a house, it could be argued the child will enjoy living in it and have own larger bedroom? A holiday? etc, etc. So what are the exact guidelines, I wonder.
Last edited by JackieH; 20.04.2023 at 11:27.
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20.04.2023, 17:00
|  | Forum Veteran | | Join Date: Oct 2007 Location: Zurich
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| | Re: Inheritance cash for minor
Three rules:
- the principal amount should not be touched:
- parents can use earnings (dividends, etc.) for for the child’s maintenance, upbringing and education and, where equitable, also for the requirements of the household https://www.fedlex.admin.ch/eli/cc/2...233/en#art_319
- if gift was given as an interest-bearing investments or savings then parents are also not entitled to touch the earninges https://www.fedlex.admin.ch/eli/cc/2...233/en#art_321 | The following 6 users would like to thank Mica for this useful post: | | 
22.04.2023, 15:51
| Junior Member | | Join Date: Jul 2021 Location: Zurich
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| | Re: Inheritance cash for minor
We were told by a notary that since we weren't married, if one of us passed, the other could use our child's inheritance for covering basic needs, such as rent.
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25.05.2023, 22:16
| Newbie 1st class | | Join Date: Mar 2014 Location: Geneva
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| | Re: Inheritance cash for minor
Thank you, everybody. Your answer do make sense and correspond to common sense. I wanted to be sure if there is such a law in Switzerland.
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25.05.2023, 23:37
|  | Forum Legend | | Join Date: Oct 2009 Location: Basel
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| | Re: Inheritance cash for minor | Quote: | |  | | | | | | | | does that include charging the child rent and board? |
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