Through the trust agreement, a person called the settlor transfers certain assets in order to establish an autonomous patrimony, in favor of a trust company, who will manage this heritage and deliver their benefits in favor of a third party called a trustee.
The trust company does not acquire the right to ownership of the trust estate, this being different from the assets of the settlor, the trustee and the trustee. The maximum term of the trust is 30 years
In the management trust, the settlor transfers certain assets to the trustee so that he exercises his temporary administration and that the result of such administration is granted in favor of the trustee. This kind of trust is broad and can encompass various underlying businesses, such as investment portfolio management, transfer of flows, family estates, real estate projects and generally any business operation or any sector of the economy.
In the guarantee trust, the settlor transfers certain assets in favor of trustee, in order to ensure a credit transaction granted by the trustee, who can run property in the event of an event of breach stipulated in the contract.
It is that kind of trust in which the characteristics of the present trust administration and guarantee trust in a single operation escrow. In these cases, the trustee manages the assets of the trust estate, the same as ensuring compliance with certain obligations agreed between the settlor and the trustee