Upon death, can a foundation's bank account signatory be changed, if he is in the letter of wishes?

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Upon death, can a foundation's bank account signatory be changed, if he is in the letter of wishes?

Anything stated in the letter of wishes, will be followed by the trustees. Panama law is very clear about this. All these types of scenarios are covered in the standard letter of wishes which we can help you draft. Of course, it is up to you what ultimately goes into the letter of wishes. Also keep in mind you can change or update this document at any time should your wishes change. This document is NOT public so only the trustees need be notified of changes. Foundations are kept very private in Panama.

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