OUR ATTORNEYS CAN PROTECT YOUR ASSETS

Benefits of Having a Panamanian Trust

Setting up a trust in Panama is a great idea and asset protection is assured one hundred percent of assets are shielded from all third-party claims, private or government agencies.  Panama’s territorial tax regime ensures all assets owned by trust and generating income remain tax-free in Panama or anywhere in the world.  By creating an offshore trust in PANAMA, an individual safeguard all his assets from unforeseen incidents such as creditors, lawsuits, court seizure, divorce proceeding, etc. In addition, an offshore trust perfectly works in the event death occurs. In fact, all the assets of an OFFSHORE TRUST will be distributed to the trust beneficiaries. 

✅ NO PROBATE COURTS

✅ NO ATTORNEY EXPENSES

✅ NO TIME WASTED

✅ PEACE OF MIND 

ATTENTION HIGH NET WORTH INDIVIDUALS & CORPORATIONS

We are experienced asset protection attorneys in Panama and can assist wealthy individuals and corporations to protect their assets. We will set up an IRONCLAD OFFSHORE TRUST in Panama and transfer your assets to the Panama TRUST to protect all of your assets from US courts and creditors. The goal of asset protection planning is to legally isolate your designated assets from unwanted claims without committing perjury or tax evasion.

 Best Asset Protection is Achieved When You Own a Trust in Panama

EMAIL: customer@panamalegalcenter.com

WHATSAPP: +(507) 6404-0388

WHY CHOOSE A PANAMA TRUST FOR ESTATE PLANNING?

In order to shield assets from US courts and IRS, it is wise and legal to establish a trust that is offshore. The offshore trust always remains out of jurisdiction of US courts. There are few countries that have strict TRUST LAWS that are ideal for setting up an OFFSHORE TRUST. We believe, Republic of Panama is the perfect place to set up an OFFSHORE TRUST for asset protection while individual is alive and for his ESTATE PLANNING when death occurs.

In an offshore trust, the trustees hold the legal ownership of personal properties, while the beneficiaries receive the benefits. Another words, by transferring the assets into an offshore trust during your lifetime, assets no longer is part of one’s estate and all assets remain property of the OFFSHORE TRUST. The trust itself continues to exist even after death of the founder.

WHY PROTECTING YOUR ASSET MUST BE NUMBER ONE PRIORITY FOR YOU?

Protecting assets via an offshore trust benefits both trust creator as well as beneficiary(ies). Utilizing OFFSHORE TRUST tool is 100% legal in the USA, UK and other parts of world. It is logical that wealthy individuals want to protect their assets from unforeseen situation while they are alive and safeguard their assets from inheritance tax when death occurs. Here’s how it works.

• By establishing an offshore trust, assets are protected from unexpected lawsuits while alive.
• By establishing an offshore trust, a prudent retirement plan can be created as well.
• By establishing an offshore trust, you have adequate funds to cover for long term illness and expenses.
• By establishing an offshore trust, no inheritance tax to be paid at death.
• By establishing an offshore trust, you can create a will for distribution of your wealth.

Requirements for Setting Up a Panamanian Trust

Panama has been regulating trusts since 1925 via numerous laws. Nowadays, the primary law regulating trusts in Panama is Trust Law No. 1 of 1984. In May 2017, another law, Law No. 21, was passed to modernize and improve the regulations on trusts in Panama.

If it’s important to keep trust deeds confidential, Panama’s laws provide plenty of privacy protection. However, it’s important to note that the Panamanian Public Registry allows people to search online for trusts, the name of the person who set up the trust, the person managing the trust, and the person who benefits from it. However, generally speaking, you do not have to register trust funds with the Public Registry. The only time you have to do that is, as we have discussed earlier, when real property located in Panama is involved.

Key trust terminology to get your head around includes the settlor, who entrusts the assets or property to another party, and the trustee, who is charged with asset protection and distribution.

The beneficiaries are the party or parties the settlor has specified to receive the assets of the trust.

The settlor can also stipulate that, in addition to Panamanian law, foreign law will also apply. This guarantees complete foreign participation. After the trust agreement is drawn up, both the settlor and the trustee must sign it. The next stage is authentication by a Panama attorney acting as a resident agent.