GringoPost | Ecuador: International estate planning, the best way to control your heritage

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International estate planning, the best way to control your heritage

1) As an attorney, One of the most frequently asked questions I have received is: "Can I leave my assets and patrimony to a person who is not my heir by law?”

In the case of Ecuadorian legislation, the answer is: No.

As you may know, Ecuadorian legislation is very limiting in terms of "who I want it to be my heir.” or “to who I want to inheritance my assets and properties after I die”. - For example, a son is an obligatory beneficiary, but if I want to leave 100% of my property to a third party, I cannot do it in Ecuador, not even with a will.

Because of this legal limitation, I developed a procedure to help my clients to avoid the inconvenience created by the Ecuadorian inheritance law, creating an international procedure, that sets control to a foreign legislation (USA for example). 

2) International Estate Planning is the best way to control a person’s heritage.

International Estate Planning, is one of my specialties.

With the estate planning, total right of distribution of the patrimony or properties to a foreign legislation is given, through specific legal methods and tax planning. This allows, save the payment of taxes by inheritance in Ecuador, ($0.00 tax) - (legally); Also, it allows to control who I want to give my property by inheritance (to my heirs or even a third party), and even protect assets for future generations (for example, reserve a fund of a certain value so that my grandchildren go to the university).

In other terms, with estate planning, you grant total rights over your property to a foreign legislation (let’s say USA).

This mechanism is very little used in Ecuador. Mainly because Ecuadorian lawyers do not manage assets and asset planning. My specialty is precisely this, and I have repeatedly handled this type of case for my clients.

3) I have helped many of my clients with this tool; each one of them are happy with the results.

If you want to have total control over your estate, save inheritance taxes, and have a clear idea of ​​how your patrimony will be distributed when you are not alive, feel free to contact me. It will be a pleasure to help you.

Carrying out estate planning allows you to have control on anticipated form, to have security on every aspect and to feel free that everything will be well at any time.

If you want to consult me about your case, or want to contact me for more information, you can reach me at:

Eugenio Stanculescu Moreno
Abogado. Attorney at Law
Máster Der. Negocios - LLM Business Law

Cuenca Office:. Av. Florencia Astudillo y Alfonso Cordero;
Edificio: Cámara de Industrias, Piso 11, oficina 1101
Telf: (593) 07 288 2364 / (593) 07 288 2605 / Cell: 098 477 5230
email: eugenio@vignolobarzallo.com
Vignolo Barzallo - Law Firm

Av. Florencia Astudillo y Alfonso Cordero; Edificio: Cámara de Industrias, Piso 11, oficina 1101.

Abg. Eugenio Stanculescu Moreno