At some point we have heard or had the personal experience of buying or selling an asset, such as a real estate, let’s say an apartment or a house.
In the common scenario, a meeting with the seller is achieved, the unit in which one shows interest is visited, the terms and conditions are stipulated, which are then reflected in a contract for the purchase of the real estate; but…
One of the tools to achieve the required purpose is the guarantee trust, which is a contract entered into by public deed, where the settlor transfers the asset to the trustee, who will only deliver to the beneficiary when the conditions of the contract of escrow; which would be the receipt of funds for the purchase of the property for the seller and subsequent transfer of the property to the buyer.
Jorge Avila
Head of Fiduciary & Compliance – Partner
For more information:
trust@kbfamilyoffice.com
March, 2021
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