The corporate and trust specialists at Arias, Fábrega & Fábrega are regularly sought out by professional clients, business organisations, high-net-worth individuals and their families for advice on trusts and estate planning. Fernando Arias is the head of the practice and the key contact.

Fabrega Molino represents corporate clients, as well as high-net-worth individuals, private companies and financial institutions requiring assistance in the creation of individualised structures for tax optimisation and the protection of their assets. Team members are active both on the preparation of legal documents such as testaments and trusts, but also in advising multinational families on the formation and structuring of schemes for the transfer of family assets. Gretel Ciniglio and Juan Pablo Fábrega co-lead the estate planning and private client (corporate) department and are the key contacts.

Offering a global service through its offices in Singapore, Switzerland, Cyprus, Uruguay and Panama, Icaza, González-Ruiz & Alemán is experienced in handling the gamut of legal services for high-net-worth individuals and commercial clients. The firm has expanded its corporate services through the Icaza Trust Corporation, one of the first non-banking trust companies licensed in Panama which is capable of providing clients with expertise in structuring commercial trusts, as well as assisting HNWIs and families in succession planning. Joaquín Díaz has served as an advisor to the government of Panama on changes to its corporate legislation, and Domingo Díaz has been responsible for expanding the firm’s practice into Asia. Estefania Alemán is a founding member and President of the Asociación de Empresas Fiduciarias de Panamá, an organisation constituted by Panamanian trust companies aiming to promote Panama as an international financial centre and to strengthen Panamanian anti-money laundering and corporate governance processes. Mariano Oteiza Díaz is experienced in corporate services and in asset protection. All four partners mentioned lead the team.

Morgan & Morgan is experienced in handling the incorporation and administration of trusts, private interest foundations and companies within the Caribbean islands, Wyoming and Panama. The firm is also licensed to carry out discretional and non-discretional fiduciary business across the Caribbean islands, and can provide services with trusts and LLCs in a number of US states. Raúl Castro is the director of the private wealth law and corporate services department, and specialises in a broad range of matters for HNWIs, including the use of corporations, private interest foundations and the incorporation and management of investment funds. Roberto Lewis acts as of counsel of the fiduciary services unit, and Luis Manzanares is active in international tax planning and tax compliant structures in non-traditional jurisdictions. Raúl Bermúdez was promoted to partner in early 2025, and Luis Miguel Hincapié, Laura Barrios and Fanny Evans are also key names. Senior associate Nestor Broce left the firm in November 2024.

Alemán, Cordero, Galindo & Lee offers an international trusts and estates planning practice, with practitioners representing high-net-worth individuals, families, privately-owned companies and charitable organisations in a range of matters involving wealth management and tax law. In the commercial sector, the firm is active in advising clients on the structuring of asset management platforms, investment vehicles, as well as trust and estate planning solutions. Jaime Alemán, Raúl Zuñiga and international associates Othmane Naim and Caroline Olivier are the key contacts.

Led by founding partner Dayra Berbey de Rojas, who is experienced in wealth management and tax planning, Axios Law Services regularly advises clients on the management and distribution of their assets, entity formation, corporate governance, tax structuring and managing commercial alliances in Panama and abroad. Its lawyers, including Elda Sanson, have been active in advising HNWIs and family clients. Senior associate Chris Effio actively participates in high-stakes acquisitions and corporate law matters, with a specific focus on the transfer of assets.

Pardini & Asociados acts as legal counsel for a broad range of clients, including individuals, families, family officers and wealth managers, which turn to the team for advice on domestic and international tax, litigation and trust formation. Juan Francisco Pardini leads the team and is experienced in assisting clients with the formation of offshore trusts, foundations and companies in connection with individual and family estate and tax planning. Pardini has also been involved in drafting trust agreements for the private client departments of international banks, as well as working with international counsel in advising high-net-worth clients from Brazil on estate planning structures for their assets and holdings in different countries.

The team at Quijano & Associates has experience in cross-border matters and often advises on the establishment of commercial structures, including companies limited by shares and by guarantees. The firm is able to form trusts both in Panama and the British Virgin Islands, which allows the team to provide a comprehensive suite of services for domestic and international clients. Jaime Sánchez co-leads the practice with managing partner Julio Quijano. Sánchez is experienced in advising high-net-worth individuals and family offices on tax compliant and structuring solutions, while Quijano has been an active force in strengthening the firm's global presence by becoming the representative in the Panama Geneva Group International and The International Society of Primerus Law Firms.

SUCRE | ARIAS | REYES covers estate planning for both local and international clients, offering a broad service ranging from assisting clients in creating structures for their businesses and families, to facilitating the transfer of their assets and wealth to future generations. The firm benefits from its professional relationships with law firms in Europe, the US, Latin America and the Caribbean, allowing the team to serve as local counsel in cross-border corporate matters and estate planning. Managing partner Carlos Sucre Levy has provided legal counsel to banks and insurance companies in Panama, while associate Mónica Randino specialises in estate planning, corporate structuring and cross-jurisdictional legal services. Associate Luigi Iovane de Puy is a key name and co-leads the practice alongside Sucre and Randino.