Trusts
The professional way to administer
your assets
A trust is a legal agreement that allows
an individual called a trustor (can be a natural or legal person) to
entrust to a third party, the trustee (Banco General, S.A.), the management
and administration of any assets, in agreement with the instructions
established in the contract, in favor of one or more beneficiaries.
Benefits of a Trust
-
Guarantees that your assets will be administered
according to your instructions, which may be modified if desired (revocable
trust).
-
The beneficiaries will receive the respective
payments according to the instructions, even after the death of the
trustor.
Trusts are efficient vehicles to structure
retirement plans, administer wills, guarantee insurance benefits distribution
on life insurance policies, etc.
Types of Trusts
- Testamentary
- Insurance
- Guarantee Trust
- Time Deposits
- Private Business
- Retirement
Trust Property
- Time Deposits
- Securities
- Bonds
- Savings Accounts
- Real Estate
- Insurance
For more information or advice
concerning Trusts, please contact Mr. Alex Orozco in our main branch office
at (507)303-5001.
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