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 Services
Fiduciary Administration Services Trust
consists on the administration of goods which are under certain
contractual terms. Trusteeship is a juridical act through which
one or several persons called Trustor, transmit to another one called
fiduciary, the titularity of his rights or goods; so that this person
will administer and see for the realization of a legal aim, an aim
which will have already been predetermined in the constitutive act,
in benefit of a third party called the trustee or of the own Trustor. In this modality, the investors have the possibility of investing in U.S. Dollars and in Colones, obtaining a higher profitability than they can get if they do it in an individual manner. 2. Guarantee Trust These are contracts through which the customer transfers the administration of real estate and with them as an endorsement, Finacio S.A., in its fiduciary quality, will issue guarantees of payment to the third parties who will make loans to the customer (Trustor). 3. Administration Trust Finacio
S.A. offers its administrative infrastructure at the customers
disposition and is in charge of: attending payments, accounting,
hiring personnel, cash management, paying social duties and taxes,
hiring all kind of services and activities that the customer
requires. These are the trusteeships through which the Trustor, gives goods of any kind to the Fiduciary, so that, based on the real value, emits certificates and place them in the stock market through the National Market of Values. This with the intention of funding projects, that depending on the case, will be transferred to the Trustor or will be destined to the aims that the Trustor pointed out in the trusteeship contract.
5. Development Credits Trust These are the ones on which the State or any other public or private institution, gives the Fiduciary a transfer of liquid funds, usually obtained from other States or international organizations via loans or donations; so that these resources will be destined to granting loans or credit to different sectors that will help production and the economic development of the country. 6. Concession of Public Work Trust These are trusts that are created due to the existence of a concession for public work; they are in favor of a subject of private law. The concession itself is transferred to a trusteeship, so that the trust holder with the endorsement of this, emits guarantees in favor of the creditors of the dealer for the execution of the public work object of the concession 7. Testamentary Trust In life, the Trustor signs a trust, which the purpose of a specific distribution of his goods the people that he named as trustees; so that when he dies, the fiduciary will give them out as he had wanted him to. 8. Life Insurance Trust On this kind of trust the Trustor, who has before signed life insurance, names a fiduciary entity as the beneficiary of the life insurance policy; the fiduciary will receive the insurance money when the Trustor deceases. At this moment a trusteeship will be constituted so that the aims that the Trustor had established in life can be met. 9. Trust to Ensure the Education of Minors The Trustor, usually a parent, constitutes the trust, giving the fiduciary cash money or investments of easy liquidation; so that this one will invest the trusted patrimony and destine the resources to the creation of a fund, which will payable to the expenses of the education of the designated trustees. 10. Trust in benefit of the Family These are usually created by the father or mother with the intention of ensuring that their children's basic needs (food, clothing, housing and education) will be met at least during their nonage; in the case of the parent's death.
Web Master: Jose A. Alvarado |
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