Peru’s Miranda & Amado launches private wealth planning practice

Peruvian law firm Miranda & Amado has launched a private wealth planning practice, aimed at meeting the needs of clients and strengthening its portfolio of services.

Posted Tuesday, November 30th 2021
Peru’s Miranda & Amado launches private wealth planning practice

The practice’s main objective is to protect and preserve the wealth of individuals and family groups, and to design the best solutions for them in terms of inheritance, family and taxation in a creative manner with due compliance with regulations.

Miranda & Amado's estate planning team is led by partners Claudia Lucena and Pablo Sotomayor, and offers a specialized approach to family protocols, wills and inheritance organization, as well as specialized tax planning and compliance, and administration and testament trusts.

The practice also has the support of the firm’s other areas, such as financial, corporate, dispute resolution and real estate in order to provide comprehensive legal strategies tailored to each family and/or business group.

"At Miranda & Amado we have been offering estate planning services for some years, but with the opening of this practice we are now officially doing it,” Claudia Lucena said.

“Most of the firm’s clients have been clients or related persons to whom we provided legal advice for their companies in corporate matters and other specialties offered by the firm,” she added.

“As they were already familiar with the quality and multi-specialty service offered by our firm, they also entrusted us with personal family wealth matters, such as the reorganization of family assets, successions and inheritances, which we approached with confidentiality and the trust that had already been established in the lawyer-client relationship," she added.

The demand for these services by individuals has been growing for some years now, as a consequence of the prosperity experienced in previous decades, she said.

"Legal certainty and tax compliance are key concepts in wealth management. Today it is necessary to have wealth in order to optimize its returns and avoid complications in the future due to inheritance or other issues that may arise. This is where the tax area comes in to design tax planning tailored to each client.

Claudia Lucena has been a partner at Miranda & Amado since 2013 and focuses on real estate, the drafting and negotiation of civil and commercial contracts, and the design of estate and succession planning.

“We analyze all factors, such as tax obligations, risk maps, and change scenarios, so that the client can make better decisions about their wealth,” according to Pablo Sotomayor, who leads the tax work of the practice with Luis Miguel Sánchez, a senior associate in the team.

“This requires sophisticated tax assistance and ongoing legal support in the face of more complex regulations that are evolving in the local and international tax environment. Our priority is to assist our clients constantly, ensuring proper tax compliance and avoiding contingencies," he added.

Pablo Sotomayor has been a partner at Miranda & Amado since 2014 and focuses on corporate tax consulting and planning.