
Private Wealth Law
High Net Worth Guide 2026 : Panama
Rankings

Ranked Individuals
Ranked Individuals
About
Provided by Icaza, González-Ruiz & Alemán
With more than a century of experience, Icaza, González-Ruiz & Alemán is one of Panama’s most established law firms and a trusted adviser to high-net-worth individuals, families, family offices and private institutions. Its Private Wealth department helps clients organise and transfer their wealth in line with their family needs and long-term goals.
The firm provides integrated legal and fiduciary support through its affiliate, Icaza Trust Corporation (ITC), one of the first licensed non-bank trust companies in Panama. Its lawyers and fiduciary professionals advise on estate and succession planning, trusts, private interest foundations, family governance, philanthropy and cross-border structures. Through ITC, clients also receive support with the establishment and administration of fiduciary structures, including complex commercial and financial trusts.
With offices in Panama, Singapore, Switzerland, Cyprus and Uruguay, the firm supports clients with interests in multiple jurisdictions. Corporate services are available through licensed affiliates in Anguilla, The Bahamas, Belize, the British Virgin Islands, Nevis, Panama and Seychelles.
The department also advises multigenerational families, entrepreneurs, executives and philanthropists, and works with professional advisers requiring cross-border support for their clients.
Chambers Review
Provided by Chambers
Strengths
Provided by Chambers
Icaza, González-Ruiz & Alemán provides exceptionally friendly service, explaining each step and its context very clearly so that the client always makes a well-informed decision. The firm has extensive knowledge and provides effective solutions.
Private Wealth Law respondentHigh Net WorthIcaza, González-Ruiz & Alemán provides a professional service and finds tailored solutions, depending on the case.
Private Wealth Law respondentHigh Net WorthThe team at Icaza, González-Ruiz & Alemán has a complete command of multiple topics and operates with total technical confidence.
Private Wealth Law respondentHigh Net WorthIcaza, González-Ruiz & Alemán provides efficient and personalised service, good management and knowledge of corporate and fiduciary issues, coupled with a top-level personnel and technology platform.
Private Wealth Law respondentHigh Net Worth
Notable Practitioners
Provided by Chambers
Band 2 
Band 2 
Estefania Alemán
Estefania Alemán is a partner in the team and also general manager of Icaza Trust Corporation. She is well regarded as a trusts adviser and is experienced with wealth planning on the legal end.
Estefania Alemán is a highly-skilled professional. Her strengths include effective communication, outstanding leadership, rapid response management through her team, commitment, remarkable experience and excellent follow-up on pending tasks.
Private Wealth Law respondentHigh Net WorthEstefania Alemán is an excellent professional.
Private Wealth Law respondentHigh Net WorthI find that Estefania's services have always been well-founded and efficiently executed.
Private Wealth Law respondentHigh Net Worth
Up and Coming 
Up and Coming 
Domingo A Diaz de la Guardia
Domingo Diaz de la Guardia advises clients on private client matters. Domingo Diaz de la Guardia is always available to help, and he understands our client's environment.
Private Wealth Law respondentHigh Net Worth
Ranked Individuals at Icaza, González-Ruiz & Alemán (2)
Members
Provided by Icaza, González-Ruiz & Alemán

Estefanía Alemán
Head of Department

Mariano Oteiza Jr.

Luis Martínez

Domingo A Diaz de la Guardia
View profile of Domingo A Diaz de la Guardia
Estefania Alemán
View profile of Estefania Alemán
What success is built on
Chambers is the leading data and intelligence partner for the legal sector.