Products and services related to trusts
The client (trustor) transfers part or all his assets for a specific purpose, specified in the trust agreement, with the main purpose of preserving his assets for the time of his death or disability, and that these assets could be delivered to his beneficiaries.
The trustor maintains the right to use and enjoy his assets during his lifetime and establishes rules in advance in the event of his death or disability.
This modality is carried out in a will or in a document incorporated by reference in a will and its purpose is to transfer part or all its assets to the trustee so that at the time of the death of the testator (trustor), the assets can be distributed to the beneficiaries.
The trustor retains the right to use and enjoy his assets during his lifetime and establishes rules in advance in the event of his death or disability.
It allows the trustor to transfer assets or rights of a different nature to the trustee, so that the trustee executes the administration of their assets in accordance with what is specified in the trust agreement.
It can involve various innovative and flexible activities to better protect and manage your assets, among which would be, for example: to receive and safeguard assets, to invest liquid resources, purchase goods and services to be used for the fulfillment of the proposed purposes.
The trustor transfers securities or liquid resources to the trustee for the purpose of constituting an investment portfolio, which will be managed by the Trustee.
This type of trust has the purpose of guaranteeing obligations contracted by a debtor (trustor) against a financial institution, offering a different modality to traditional methods such as mortgage and pledge.
It is a deposit commonly used to guarantee the delivery of transferred or deposited goods, against the fulfillment of certain conditions agreed between the parties involved.
Swift code: BPDOPAPA
Aquilino de la Guardia Ave. 47E St.
Banco General Tower Floor # 20
P.O. Box 0816-00265
Panamá, Rep. of Panamá
Telephone System: (507)297-4100
Republic of Panamá