TRUSTS & ESTATES
Since 1984 Panama has a law that regulates trust and grants the Superintendent of Banks the faculty and the obligation to supervise and audit the activity.
Panama’s objective at regulating the fiduciary activity is to facilitate the use of the jurisdiction in an orderly and organized manner, but always thinking of the convenience of the customer. That being the case, the law states the total exoneration of taxes regarding the formation, modification or termination of the trust, as well as the transfer of the assets placed in trust, including the proceeds of the same or any act regarding the same, as long as the income produced by those assets are not a Panamanian source.
Our Firm specializes in counseling our clients regarding assets planning and management, as well as in offering counseling services with regards to tax matters.
Our services within this legal area include:
- Counseling in family equity planning.
- Counseling in the formation and structuring of schemes for the orderly transfer of family assets.
- Formation and management of Private Interest Foundations.
- Structuring and management of Trusts.
- Tax Counseling.
- Counseling in inheritance matters.
We represent corporate clients in tax planning matters, as well as individual with high spending power.
María de Lourdes Marengo - email@example.com
Gilberto Arosemena C. - firstname.lastname@example.org