Reserved Powers

Definition

Reserved powers are specific powers retained by the settlor or granted to a third party (such as a protector) under the trust deed. These may include powers to appoint or remove trustees, approve investments, or consent to distributions.

Context

This term is commonly used in the context of trust administration in Switzerland. Understanding this concept is essential for international families, entrepreneurs and legal professionals considering or managing trust structures administered from Switzerland.

Related terms

• AML (Anti-Money Laundering) — Anti-Money Laundering (AML) refers to the set of laws, regulations and procedures designed to preven...
• Asset Protection — Asset protection refers to strategies used to shield assets from potential claims, creditors or lega...
• Beneficial Ownership — Beneficial ownership refers to the natural person(s) who ultimately own or control an entity or trus...
• Beneficiary — A beneficiary is a person or entity designated to receive benefits from a trust, such as income, cap...
• Change of Trustee — A change of trustee is the process of replacing the existing trustee with a new one. This involves l...