¿What is a trust?
A trust is a legal act whereby a person (whether an individual or a corporate entity) transfers assets to another person (whether an individual or a corporate entity) either for his/her own benefit or the benefit of third parties, being these transferred assets a separate estate from the trustee’s assets.
It may be constituted over any kind of assets, present or future and for any legal purpose. The assets transferred to a trust will not subject to liens or preventive actions, except by causes expressly set by Law.
The trustee is responsible for its acts in such capacity and shall render accounts to the settlor as determined by the parties in the trust instrument.
Panamanian Law provides for the obligation of employees and representatives of the trustee, as well as those of the public supervising agencies, to keep strict reserve on the information concerning trust operations, exception made for certain disclosures required due to the supervision to which the activity is subject.
ASSETS TRUST is a corporation dedicated to, authorized and regulated in order to provide trust services and act as a trustee. Its team of professionals is highly qualified and will be more than happy to address your needs.