Family and estate matters · Quirós & Quirós
Wills and estate planning in Panama
Organising your assets helps you make informed decisions about what to pass on, to whom and through which legal instruments. At Quirós & Quirós, we assist with preparing and reviewing wills and organising the documents your family will need.
On this page
Getting started
Key points
- This is preventive advice. If the person has died, the matter must be assessed as a succession, not preparation of a will.
Personal wishes expressed with the correct formalities
A will is strictly personal. Advice helps explain alternatives and draft clearly but does not replace the testator’s wishes. Nor can another person decide for them through a power of attorney. The chosen form and its requirements are reviewed before execution.
Inventory before distribution
We begin by identifying real estate, company interests, accounts, debts and existing documents. We distinguish personal assets from shared assets and those belonging to an entity. This avoids drafting instructions for assets that are not legally part of the person’s estate.
Coordinate the will with the wider estate plan
We can review earlier instruments and explain their relationship to current family and financial circumstances. Assets or documents in other countries may require additional coordination. Planning is not presented as a universal way to eliminate taxes, creditors or every future dispute.
How we proceed
Your matter, step by step
- Preparing the engagement
Advice on defining and documenting testamentary wishes.
- Agreed procedures
Review of existing wills and coordination of formal execution where appropriate.
- Delivery and follow-up
Organisation of an asset inventory and documents for future succession proceedings.
Preparing for your consultation
- Identification and details of the people you wish to include in planning.
- Titles, company information and a list of assets and obligations.
- Existing wills, powers of attorney and other estate instruments.
Fees, expenses and timing
The proposal distinguishes advice, drafting, revisions and coordination of formal execution. Notarial expenses, certificates and any foreign advice are identified separately. Work is organised directly with the person whose wishes must be expressed.
Timing depends on the documents, participants’ availability and the specific procedures. When defining the engagement, we distinguish our preparation timetable from dates that depend on third parties or an authority.
How we explain your legal fees →Your questions answered
Select a question to read the answer in our central question catalogue.
- Do I need substantial assets to make a will?
- Can my child or attorney-in-fact make my will for me?
- Can my partner and I sign one joint will?
- Can I change a will I have already made?
- Can I personally dispose of property registered in my company’s name?
- Can you review a will made outside Panama?
- What does an estate-planning engagement provide?
- Does a will eliminate all subsequent procedures?
Working with our firm
A clearly defined engagement
- Advice on defining and documenting testamentary wishes.
- Review of existing wills and coordination of formal execution where appropriate.
- Organisation of an asset inventory and documents for future succession proceedings.
Our proposal sets out which of these services you need and the terms of our engagement.