OUR ATTORNEYS CAN PROTECT YOUR ASSETS

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 STRATEGY IS ACHIEVED WHEN YOU OWN AN OFFSHORE TRUST

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By creating an offshore trust in PANAMA, an individual safeguard 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 beneficiary(ies).

A. NO PROBATE COURTS

B. NO ATTORNEY EXPENSES

C. NO TIME WASTED

D NOT TO WORRY ABOUT CREDITORS & LAWSUITS

 All your assets remain intact, and your designated beneficiary(ices) will enjoy the TRUST.  

WHY CHOOSE AN OFFSHORE 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 remain 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 ocurrs.

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.

WHY PANAMA IS THE BEST JURISDICTION TO SET UP YOUR TRUST?

Benefits of Setting Up a Panamanian Trust

Setting up a trust in Panama is a good idea, as writing a trust deed is relatively quick, and getting it signed is similarly straightforward. Asset protection is assured for foreign entrepreneurs by Panama’s offshore trusts. Trusts are utilized for estate planning and help you prepare for the future.

Panama’s territorial tax regime ensures any assets located abroad generating income remain tax-free. In addition, there is no tax applicable to trusts in Panama. But it would be best if you remembered that you might be required to disclose income depending on where you have established your tax residence.

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.