It needs to be stressed here that the desire to place a fortune in a legal structure does not contravene any tax provisions nor should it be viewed as being undertaken with criminal intent. Rather, this step demonstrates a strong sense of responsibility and the awareness that internal risks and external threats can jeopardize a fortune at any time.
In virtually all instances, the real reason for taking this route is to increase the legal and planning certainty, earmark one's assets for specific purposes, protect those assets from unjustified access or exploitation, as well as simplify the future administration of one's estate and structure it in the interests of the testator.
A variety of legal instruments are available for this purpose, and we apply the appropriate one only after taking into account the objectives and purposes that are to be achieved or fulfilled with assets:
- Panama Foundation
- Panama Corporation
- Other legal instruments