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What is a Trust?
It is a judicial act, by means of which a person called the TRUSTOR (client), passes to a TRUSTEE (BICSA), the title to one or more property or rights, so that the latter uses them to obtain a goal that is legitimate and predetermined in the constituent act, to the benefit of a third party called the BENEFICIARY.
Who is involved in a Trust?
The persons that are involved in the trust are:
- The Trustor: A physical or judicial entity that consigns the goods or rights turned over to the Trustee and of which he has control.
- The Beneficiary: A physical or judicial entity that benefits from a trust.
- The Trustee: Banco Internacional de Costa Rica S.A. is charged with the reception of the goods of the Trustor to use them in the way agreed upon in the constituent act of the Trust Contract.
Advantages
- Healthy administration.
- Attractive yields.
- Security
Trusts offered by BICSA
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