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FAQs

Frequently Asked Questions

Answers to frequently asked questions about the service.

Why create a trust in Panama?

Creating a trust in Panama allows you to protect and manage assets in a secure and structured way. The country has a modern and flexible legal framework that facilitates asset protection, estate planning, and efficient asset management.

What fiduciary solutions does TAC offer?

TAC offers a range of fiduciary solutions for the administration, protection, and planning of assets, including:

  • Administration trust: management and preservation of assets according to established terms
  • Guarantee trust: backing for the fulfillment of obligations or debts
  • Estate and testamentary trusts: management and distribution of assets during life or after death
  • Investment trust: investment of resources according to the settlor’s objectives
  • Custody trust: safekeeping of shares, documents, and securities
  • Other services: bank accounts and escrow, as well as financial consulting

What is an escrow account?

It is a neutral custody mechanism used in a transaction. Funds or assets are deposited with a fiduciary, which holds them in safekeeping until the agreed conditions are met. Once fulfilled, the assets are released to the appropriate party, providing security and protection for both sides.

Who can request a trust?

Fiduciary services are available to both individuals and legal entities, whether Panamanian or foreign, that own assets in Panama and seek a secure legal structure to protect, organize, and manage their wealth. A trust is especially useful for those who want to plan the succession of their assets, maintain confidentiality, optimize wealth management, or establish clear rules for the administration and distribution of assets.

What benefits does a trust offer?

Among the main benefits are:

  1. Asset protection: shielding against seizures, depending on the trust structure
  2. Wealth transfer: smooth transfer without the need for lengthy legal proceedings
  3. Privacy: high level of discretion and confidentiality in management
  4. Conflict prevention: minimizes family disputes through clear rules
  5. Efficient control: centralized and optimized asset management

How secure and confidential is a trust?

A trust provides a high level of security and confidentiality in asset management. Its structure is supported by Panamanian legislation and supervised by the Superintendency of Banks of Panama, ensuring compliance with strict regulatory standards.
Additionally, it enables an organized and protected management of assets, safeguarding both information and property in accordance with the terms established by the settlor.

When is it advisable to set up a trust?

A trust is ideal when you want to protect your assets, plan an inheritance, secure the future of beneficiaries, or maintain the confidentiality of assets. This structure provides security, control, and peace of mind in wealth management.