	Beth Anne Gray J., LL.B. (Hons.) P.O. Box 832-0816 - World Trade Centre - Panama City - Republic of Panama International Legal Services

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Estate Planning - Fees and Costs

[Will] [Amendment of Will] [Private Interest Foundation] [Transfer of Assets to Foundation or Corporation]

NOTICE: As of July 1, 2010 our sales tax (ITBMS) has increased to 7% and applies to all services offered by law firms, and will be charged accordingly to clients.

Preparation of Last Will & Testament

$100.00	Translations (2 translators @ $50.00 each)
$100.00	Approximate: Notary Fees for presence in the reading
$450.00	Legal Fees - initial meeting with the client (45 min), drafting of last will and testament according to conversation (1 hour), review of draft with the client (45 min), and final draft (1 hour)
$150.00	Legal Fees - attending reading of will with Notary & Translators (1 hour)
$800.00	sub-total

Amendment of Last Will & Testament

$100.00	Translations (2 translators @ $50.00 each)
$100.00	Approximate: Notary Fees for presence in the reading
$250.00	Legal Fees - initial meeting with the client (30 min), drafting of last will and testament according to conversation (30 min), review of draft with the client (30 min), and final draft (30 min)
$150.00	Legal Fees - attending reading of will with Notary & Translators (1 hour)
$600.00	sub-total

Private Interest Foundation

See: http://www.lawyers-abogados.net/en/Resources/Billing/panama_foundations-fees-costs.htm. These fees include time spent in: initial meeting with the client (45 min), drafting of private document (letter of wishes) and Foundation Bylaws according to conversation and client needs (2 hours), review of draft with the client (45 min), and final draft (2 hours).

Transfer of Assets

The transfer of assets to a Foundation or Corporation will depend on the type and location of the assets.

For information regarding real estate transfers, please see: Real Estate Transfers - Fees & Costs.

Legal fees will be charged usually at $150.00/hour, or according to the complexity of the matter.

For questions or comments, please write to the webmaster

Last modified 14-Apr-2011 10:06 -0400