Trust account
Get to know this procedure in depth and find out which documents or requirements will be needed in order to request this service at the Fifth Notary of Manizales.
What is a trust?
It is a contract by which: the settlor transfers their own assets to another person called a trustee, in order for them to be administered, either for their own benefit or a third person (beneficiary or trustee). The trustee is bound by the expiration of a term or the fulfillment of a condition agreed upon in a public deed.
It is widely used by parents who want to avoid future will procedures or succession/inheritance processes.
It is also a process by which a testator leaves their inheritance or part of it, to a person in order that they be the ones who manage or guard the inheritance, and at a certain time transfers it to another person or invests it as has been indicated.
Requirements
- National ID Card.
- Detailed request.
- Public deed.
- Certificate of Good Standing for valuation, property tax and administration, if applicable.
FAQ
What documents should I bring if it is a vehicle?
- The car ownership card.
- The certificate of tradition and freedom.
- The certificate of good standing of its vehicle taxes.
- The vehicle to be presented before the totary.
What characteristics does a trust have?
Any trust is revocable, it is modifiable and the beneficiary can be changed; it becomes effective when the established condition or term is fulfilled. In some cases, the beneficiaries must appear before the notary to sign the deed.
Let us know how we can help you.
Carry out your procedures online or, if you prefer, carry out your notarial procedures directly at the Fifth Notary of Manizales.
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