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The death of a loved one takes many people by surprise. Besides the emotional burden and grief, one suddenly has to deal with legal, financial and administrative procedures, especially if the deceased did not have his/her assets organized. Everyday life can very quickly confront us with situations in which it is absolutely necessary to consult a legal expert. Knowledge edge in legal matters helps you to make an informed decision and protect not only your investment and assets, but also your family, heirs and loved ones. Two case studies from our legal practice regarding inheritance law i
Private Interest Foundations in Panama constitute an alternative to Offshore Corporations or Companies and to Limited Liability Companies, because they are meant to provide asset protection, playing an important role, similar to that of a Trust. For this reason Foundations directly compete with Trusts as a vehicle for wealth and estate management, permitting separation of assets between the founder and the beneficiaries, but without necessarily losing control of such assets, as it happens in Trusts. A Private Interest Foundation is the combination between a corporation and a will.