PERU Trends and Developments Contributed by: German Carrera, Juliana Llosa, Yesica del Carpio and Moritz Abramovitz, CPB Abogados
v . Insurance - based wealth planning structures Sophisticated insurance solutions, including private placement life insurance (PPLI), are increasingly evaluated by internationally mobile families as part of broader wealth preservation strategies. These struc - tures can serve as vehicles for succession planning, family wealth transfer and investment structuring while helping families address confidentiality, gov - ernance and long-term planning objectives within a single framework. The evolving role of international wealth planning The growing adoption of trusts, holding companies, family partnerships, foundations and insurance-based structures reflects a broader evolution of the Peruvian private wealth market. Historically, wealth planning in Peru was largely cen - tred on succession rules under domestic civil law. Today, however, many families hold investments, busi - nesses and real estate in multiple jurisdictions, while family members frequently reside in different countries and become subject to diverse legal, tax and regula - tory systems. As a result, wealth planning is increasingly viewed as a multidisciplinary process that goes beyond suc - cession. Families are seeking structures capable of facilitating governance, protecting vulnerable benefi - ciaries, ensuring business continuity, managing cross- border assets and preserving wealth across succes - sive generations. The objective is no longer simply to determine who will inherit family assets, but rather to design frameworks that promote orderly stewardship of wealth, reduce the risk of future disputes and provide continuity across changing family and international circumstances. The growing use of foreign planning vehicles is therefore not merely a reflection of greater international mobil - ity, but of a broader shift towards long-term, globally integrated wealth planning. 2. The growing interest in family protocols and corporate governance In 2025, family-owned businesses generated approx - imately 40% of Peru’s GDP, yet relatively few have adopted formal governance structures or achieved
successful generational transitions. As a result, insti - tutionalisation has become increasingly important to ensure long-term sustainability, business continuity and the preservation of family wealth. Political instability, economic changes, the pandemic and financing requirements have highlighted the need for succession planning and risk-management mech - anisms, particularly in the event of the founder’s death or disability. Family businesses often face not only economic challenges but also leadership and succes - sion risks that can threaten their continuity. Historically, family protocols were primarily designed to regulate succession within family-owned business - es, establishing rules regarding ownership, manage - ment and the transfer of shares among family mem - bers. Today, however, their scope has expanded significant - ly. Families increasingly recognise that their wealth is not limited to operating companies, but also includes real estate, financial investments, trusts, holding com - panies and other assets located both in Peru and abroad. As a result, modern family protocols increasingly serve as comprehensive governance instruments for the family’s overall wealth. They establish rules regarding decision-making, succession, conflict resolution, fam - ily participation, investment policies and the admin - istration of assets across multiple generations and jurisdictions. Importantly, these protocols are not limited to assets located in Peru. Whether the family owns operating companies, real estate, investment portfolios or inter - national structures, families increasingly seek a uni - fied governance framework capable of regulating their wealth wherever it is located. In this context, family protocols have become a key tool for reducing succession disputes, family con - flicts, unwanted third-party involvement and the risk of wealth fragmentation. Ultimately, the challenge is no longer limited to ensuring the continuity of the family business but rather preserving and governing the fam - ily’s broader legacy and wealth across generations.
530 CHAMBERS.COM
Powered by FlippingBook