On August 29, 2024, STEP Zurich Centre hosted a hybrid event that brought together experts to discuss the intricacies of wealth management and legal frameworks related to trusts in Latin America. The panel, hosted by Geralda Kral of UMA Swiss AG, featured distinguished speakers from EY and explored key strategies in jurisdictions such as Mexico, Colombia, and Peru.

Key Highlights:

• Wealth Strategies Across Latin America: The panelists shed light on how trusts are utilized to manage wealth and ensure proper estate planning in Latin American countries, considering the unique legal and tax frameworks.
• Tax Implications and Cross-Border Planning: The session addressed the tax complexities of trusts, offering valuable insights for international clients looking to navigate the region’s regulatory environment.
• Diversity in Trust Structures: The discussion touched on the flexibility of trust structures in different jurisdictions and how they cater to the needs of high-net-worth individuals and families.

Speakers included:

• Abril Rodríguez Esparza, EY Mexico, expert in international tax and diversity initiatives.
• Hanspeter Misteli Reyes, EY Zurich, focused on tax planning for families and businesses.
• Roberto Cores, EY Peru, specializing in personal and corporate tax solutions.

On behalf of our professional team, Irma Herrera Lee, Head of Operations in Nyon, and Mari Boloboski, senior associate, attended the event.

Attendees had the opportunity to participate in a networking session following the insightful presentations. The event underscored the importance of trusts as a pivotal tool for wealth preservation and succession planning in Latin America, with a growing emphasis on international compliance and sustainability.