Private Wealth Law

The Firm provides wealth management services for individuals (wealth management), with a vision and international vocation, providing legal and tax advice on the administration of high or considerable assets, of individuals or families (high net worth individuals), with the purpose to protect them, maximize their returns, meet their current needs, as well as the planning of their retirement and their succession. Escalante & Asociados is part of the Society of Trust and Estate Practitioners (STEP).
Traditionally in Mexico there has been a total exemption in the matter of Income Tax with respect to the income obtained from a succession. However, the Organization for Economic Cooperation and Development (OCDE) recently published the third edition (corresponding to 2018) of the series "Getting it Right. Strategic Priorities for Mexico” in which it concluded, among others, with the key recommendation of “implementing a tax on inheritance”. According to data from the OCDE, 19 of its member countries charge the inheritance tax, with an average rate of 15%. Thus, aware that it is highly probable that, in the short term, Mexico seeks to establish a tax on inheritance, as an alternative source of taxation and redistribution of wealth, Escalante & Asociados has established a robust area to provide solutions in the matter.