Insight queue

What the ledger is telling us

Exposure findings, risks and recommendations in one queue, ranked critical first. Every item opens on the facts it was derived from — nothing here is typed by hand.

Family
Viewing as
Kind
Ledger snapshot · 2026-08-21
sphera-wealth-management-advisory
28 items of 52 at this lens
highRisk
Climate Risk

Single-valley vineyard concentration exposes target to climate events

Familia Larraín-MendozaADVISORY
highRisk
Customer Concentration Risk

Top-5 customer concentration creates churn-revenue cliff

Familia Castro-BrennanADVISORY
highRisk
Tfi Attribution Risk

AEAT challenge on TFI substance carve-out for BVI vehicles

Familia Vargas-EcheverríaADVISORY
highRisk
Compliance Risk

Form 5471 and 8621 filing complexity with potential IRS challenge on §962 election thresholds

Familia Castro-BrennanADVISORY
highRisk
Integration Risk

Customer-concentration risk during integration (top-5 client retention)

Familia Vargas-EcheverríaADVISORY
highRisk
Evidentiary Risk

Parental-gift letter from 2012 may not have contemporaneous corroboration; courts may reject as ex post facto

Familia Larraín-MendozaADVISORY
highRisk
Estate Tax Risk

Pablo's premature death would expose 2.8M apartment to US estate tax above 60k exemption

Familia Vargas-EcheverríaADVISORY
mediumRisk
Withholding Risk

FIRPTA 15% withholding on gross proceeds for any non-resident-held disposition

Familia Castro-BrennanADVISORY
mediumRisk
Infrastructure Risk

Bogotá-port corridor periodic disruptions impact revenue

Familia Larraín-MendozaADVISORY
mediumRisk
Currency Risk

COP/USD exposure on operating margins

Familia Larraín-MendozaADVISORY
mediumRisk
Regime Change Risk

Chilean tax reform may modify herencias schedule mid-plan

Familia Larraín-MendozaADVISORY
mediumRisk
Substance Breach Risk

BVI ES Act breach if local director resigns and not replaced ≤ 30 days

Familia Vargas-EcheverríaADVISORY
mediumRisk
Adoption Risk

Julia and Felipe may resist mandatory separation-of-property prenup clause

Familia Larraín-MendozaADVISORY
mediumRisk
Pfic Excess Distribution Risk

Failure to elect MTM/QEF triggers punitive excess-distribution regime

Familia Castro-BrennanADVISORY
mediumRisk
Compliance Risk

If equalisation paid, Colombian wealth-tax (Patrimonio) and AR/CL coordination on cross-border family payment

Familia Larraín-MendozaADVISORY
mediumRisk
Currency Risk

USD/MXN exposure on transaction price between LOI and closing

Familia Vargas-EcheverríaADVISORY
mediumRisk
Conflict Of Laws

Spanish vecindad civil tests may challenge Elena's Catalan personal-law claim if Madrid residence is ever resumed

Familia Vargas-EcheverríaADVISORY
mediumRisk
Retention Failure Risk

Recipient sells shares within 10-year retention window — empresa-familiar reduction clawed back

Familia Vargas-EcheverríaADVISORY
mediumRisk
Coordination Risk

Inconsistency between agents on assumptions (e.g., FY24 EBITDA used in valuation vs in tax model)

Familia Vargas-EcheverríaADVISORY
mediumRisk
Regime Sunset Risk

UY 6-year territorial carve-out expires 2028; post-2028 worldwide income exposure

Familia Castro-BrennanADVISORY
mediumRisk
Governance Conflict Risk

Family Council supermajority not achieved (Miguel might dissent on MX commitment grounds)

Familia Vargas-EcheverríaADVISORY
mediumRisk
Future Exit Risk

If Sofía later un-domiciles US (>8/15 yrs), §877A covered-expatriate exit tax applies

Familia Castro-BrennanADVISORY
mediumRisk
Execution Risk

MX antitrust (COFECE) clearance for sub-100M deals is routine but adds 60-90 days

Familia Vargas-EcheverríaADVISORY
mediumRisk
Wealth Tax Exposure

Felipe's worldwide assets exposed to ZH cantonal wealth tax

Familia Larraín-MendozaADVISORY
lowRisk
Longevity Risk

Founder mortality before staged plan completion would crystalise unplanned herencias liability

Familia Larraín-MendozaADVISORY
lowRisk
Interaction Risk

Risk that protocol conflicts with Andina Holding pact deadlock mechanism

Familia Larraín-MendozaADVISORY
lowRisk
Tax Risk

MX REFIPRE re-characterisation if MX subsidiary income partially deemed passive

Familia Vargas-EcheverríaADVISORY
lowRisk
Residency Change Risk

Rafael relocates from Madrid (loses 99% bonificación)

Familia Vargas-EcheverríaADVISORY