A private interest foundation allows assets to be dedicated to the purposes established in its foundation charter and regulations. At BCCA, we assist clients with evaluating, establishing and administering this structure in accordance with their family and estate-planning objectives.
Estate planning
We advise on the designation of beneficiaries, administration rules and the continuity of assets. Each structure requires consideration of the nature and location of the assets and the circumstances of the people involved.
Scope of our advice
- Assessment of the structure and its objectives.
- Preparation of the foundation charter and regulations.
- Organization of administration and succession arrangements.
- Support with documentation and compliance obligations.
Legal considerations
The separation of assets is subject to the limitations and exceptions provided by law. A foundation does not offer absolute immunity from claims or replace beneficial ownership identification and due diligence obligations.
Reference: Law 25 of 1995 on private interest foundations.