Trust extension
It's the amendment of a trust to extend its term, add assets or beneficiaries, or adjust its terms. Since it's managed by a trustee institution, our role is to advise you, review the current trust instrument and structure the extension looking out for your interests.
Requesting a quote doesn't commit you to anything
- You tell us about your case. It's free.
- We send you the price in writing, within 1 to 3 hours.
- You decide. If it works for you, we start. If not, you delete it with one click and pay nothing.
No one will pressure you. Your information is used only for your case.
Is it for you?
If any of these sounds like you, this procedure is for you.
- For anyone who already has a trust and needs to extend its term before it expires
- For anyone who wants to add assets or change the beneficiaries
- For anyone who needs to adjust their trust's management terms to a new reality or a new goal
What's included and what isn't
Everything clear from the start. No fine print.
Includes
- Review of the current trust.
- Advice on what's worth extending or amending and how.
- Drafting and review of the new terms or the extension.
- Support in negotiating and formalizing the extension with the authorized trustee institution.
Does not include
- The trustee institution's commissions, which the bank charges separately.
- We do NOT act as trustees.
- Setting up a new trust, which is a separate service.
- The official notary or registry fees for any assets added, which are paid separately.
Add to your procedure
Check it and we include it in your quote. You decide at the end.
What you need
Check off what you already have. You don't need everything to request your quote.
You have 0 of 4.
- The current trust instrument
- The settlor's and beneficiaries' details, ID (cédula) or tax ID (RIF)
- And clarity on what you want to achieve with the extension: extend the term, add assets, change beneficiaries or adjust terms
- With that, we review and structure the amendment
How the process works
You do very little. We take care of the rest. The whole process: on average, 4 to 8 business days.
- Step 1
You give us the trust
You give us the current trust and tell us what you need to adjust.
You do this - Step 2
We redesign the terms
We review it, advise you on how to extend it and draft the new terms.
We do this - Step 3
We formalize
We support you in formalizing the extension with the trustee institution.
We do this - Result
Done
You're left with your trust extended and your interests protected.
You receive it
We review the current trust and coordinate the extension with the trustee institution. Timing also depends on the bank.
What it costs and how to pay
There are two separate payments, and we want you to see them clearly.
Our fee: we do all the work for you.
The official notary fee. It goes straight to the agency, and we give you the exact amount, with its receipt, before you pay anything.
How you pay: You pay once, when we start. In dollars, in bolívares at the official BCV exchange rate, or with Cashea.
How is your investment calculated?
Your investment has several parts, and we break them down for you separately. Our base advisory professional fee, from $60, which may be adjusted depending on how complex the extension is
What the trustee institution charges, and the official notary or registry fees if assets are added. Official amounts are paid in bolívares Your lawyer gives you the exact figure before you pay anything, no strings attached.
FAQ
What happens if I let the trust expire?
When it expires, the protection and management end and the assets are exposed again. Extending it in time keeps the shield in place without having to set everything up again.
Can I extend a trust that has already expired?
It's best to do it before it expires; we advise you based on your case.
How much does it cost?
The professional fee, from $60, covers the advice and handling of the change; the trustee's commission is separate.
Can I add assets or change beneficiaries?
Yes, through the extension, without setting up a new one.
Is the trustee needed?
Yes, the change is formalized with the trustee; we go with you.
About this procedure
A trust extension is the service for adjusting a trust that already exists, without having to set up a new one from scratch. Circumstances change: a trust agreed for a set term may need to be extended; it may make sense to add to the assets it holds, or to add or change beneficiaries; or the management terms may need to be adjusted to the settlor's new goal. All of that is done through an extension or amendment of the original trust. Just as when it was created, the trust is managed by an authorized trustee institution, a bank, so the change has to be negotiated and formalized with it. Our role is advisory: we review the current instrument to understand exactly how it was set up, advise you on what's worth changing and how, draft and review the new terms, and support you in dealing with the trustee, making sure the extension keeps your assets shielded and fits what you need today. It's an advisory and structuring service, not a simple procedure, because a poorly made adjustment can distort the whole trust.
Legal framework and important notes
Ley de Registros y Notarías (Registries and Notaries Law) · Código Civil (Civil Code) · Ley de Fideicomisos (Trust Law)
- Extending a trust in time keeps it from expiring and you having to start from scratch
- Any change is formalized with the trustee institution, and you have to make sure the adjustment doesn't distort the original purpose; that's where the value of advice lies
- Keep the current instrument handy; it's the starting point for everything
We guarantee our service, not what the agency decides. If something depends on them, we tell you clearly and in time.
Is your case different?Ask us, message us on WhatsApp or book a free consultation. A real person answers you.