Will Estate Planning In Colombia
Preparing a will in Colombia and planning for your family’s future is very important in general, but if you’re married in Colombia (or in a Civil Union or Common Law Marriage), have children or own real property, estate planning is essential. Since every situation is different, you need to know how to protect your assets from excessive taxes, and how to ensure that your family receives the benefit you intend. When it comes to Wills and Estate Planning in Colombia we’re here to help you.
Different estate planning options
Depending on your specific circumstances, you may want to prepare one or more of the following documents:
Power of Attorney for Healthcare, Real Estate or Financial
Trust, which could be revocable or irrevocable (A Living Trust in Colombia is an economic way to protect your assets)
Will and Testament in Colombia
Foundation and Corporations are forms in which persons may protect assets . Each of these documents will have different tax implications and may only be relevant in certain cases
Important factors to consider when planning for your future
There is no one-size-fits-all plan for estate planning in Colombia. Before calling COLOMBIA LEGAL & ASSOCIATES to discuss your particular needs, here are some questions to consider:
What is your marital status?
Do you own a business, or have an interest in a business? How is it legally held?
Conversely, are there any family members you do not want to include in your plan?
Do you have children? How old are they? Are they established in their own rights?
Are there any charitable organizations you would like to support?
Will your tax obligations change over time?
Do you own real estate? Where is it located? How is it legally held?
Do you have any extended family members or friends you want to receive a benefit from your estate?
How large is your estate?
Frequently Asked Questions (FAQ)
What is a Colombian SAS Corporation in simple terms?
A SAS is a simplified joint-stock company that combines features of an LLC and a traditional corporation. It's flexible, low-cost, and designed to protect shareholders from personal liability.
Can I create a SAS with only one person?
Yes. A single shareholder can form a Colombian SAS Corporation. There’s no requirement for a board of directors or multiple owners.
Is a SAS corporation valid for applying for a Colombian visa?
Absolutely. A SAS can be used to support a Colombian Investor Visa application, provided it meets the required investment thresholds.
How much does it cost to start a SAS?
You can start a SAS with very low costs—often under $1,000 USD—depending on the services used and whether asset contributions require notarization.
Do I need to be in Colombia to start the process?
No. You can start remotely by giving power of attorney to our firm, and we can handle most of the process on your behalf.
Final Thoughts: Should You Open a SAS in Colombia?
If you're still wondering what is a Colombian SAS Corporation, the answer is simple: it's your easiest path to legally start a business, protect your assets, and access Colombian residency options.
📞 Ready to get started?
Let the experts at Colombia Legal & Associates and Visas by James help you form your Colombian company.
Visit www.colombiavisas.com or contact us today for a free consultation.
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