Trust (fideicomiso)
It's the arrangement by which a person, the settlor, transfers assets to a trust institution, an authorized bank, to manage them for the benefit of a beneficiary. It's used to protect assets, manage property, secure obligations or plan an inheritance.
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 wants to protect or shield their assets
- For anyone who needs a third party to manage assets for a minor, an elderly person or a specific beneficiary
- For anyone who wants to secure an obligation with assets
- For anyone planning an inheritance in an orderly, secure way
What's included and what isn't
Everything clear from the start. No fine print.
Includes
- Advice to define your goal and the type of trust that suits you.
- Design of the structure, with the roles of settlor, trustee and beneficiary and the purpose of the trust.
- Drafting and review of the terms.
- Support in negotiating and setting up the trust with the authorized trust institution.
Does not include
- The trust institution's fees for managing the trust, which the bank charges separately.
- We do NOT act as trustees, a role reserved by law for authorized institutions.
- Official notary or registry fees for the assets contributed, 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.
- Details of the settlor and of the beneficiary or beneficiaries, cédula (Venezuelan national ID card) or RIF (Venezuelan tax ID)
- Identification and ownership documents for the assets to be contributed
- And, above all, clarity about the goal you're after, whether to protect, manage, secure or pass on an inheritance
- With that, we design the structure and choose the right trust institution
How the process works
You do very little. We take care of the rest. The whole process: on average, 5 to 10 business days.
- Step 1
Tell us your goal
You tell us what you want to achieve with your assets.
You do this - Step 2
We design the structure
We advise you, build a trust structure tailored to you and draft the terms.
We do this - Step 3
We set it up
We support you in negotiating and setting up the trust with the trust institution.
We do this - Result
Done
You have your trust in place and your interests protected.
You receive it
We design the structure and coordinate with the trust institution, supporting you throughout the process. 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 tell you about each one separately. Our base professional fee for advice and structuring, from $90, which may be adjusted based on the complexity of the assets and the purpose
What the trust institution charges to manage the trust, plus official notary or registry fees for the assets. 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 leave my assets without a structure that protects them?
They're exposed to poor management, disputes among heirs or a third party getting hold of them. A trust ring-fences them and puts a professional in charge of managing them with a clear purpose.
Can I be the trustee myself?
No. By law, the trustee must be an authorized institution, such as a bank.
Is it expensive?
The trust institution's fee depends on the bank; our professional fee for advice and structuring starts at $90; the official notary or registry fees are separate.
What is it for?
To protect, manage, secure or pass on assets.
Can I be the beneficiary?
Yes, the settlor can set it up in their own favor.
About this procedure
A trust is one of the most powerful estate-planning tools there is, and also one of the least understood. Here's how it works: a person, the settlor, transfers one or more assets to another, the trustee, who commits to managing them for the benefit of the settlor or of a third party, the beneficiary, according to a clearly defined purpose. It has many uses: protecting assets, managing an estate for a minor or an elderly person, securing performance of an obligation, or planning and organizing an inheritance in an ironclad way. Now, there's a fundamental legal point to be clear on from the start: in Venezuela, under the Ley de Fideicomisos (Trust Law) and banking regulations, the trustee, the one who manages the assets, has to be an authorized institution, typically a bank. That's why our role here goes beyond a simple document: we're your advisors. We help you define what you want to achieve, design a trust structure tailored to you, draft and review the terms, and support you in negotiating and setting up the trust with the trust institution, making sure your interests are well protected in your dealings with the bank. It's an advisory and structuring service, not a stand-in-line paperwork errand, and that's why it makes a real difference in protecting your assets.
Legal framework and important notes
Ley de Registros y Notarías (Registries and Notaries Law) · Código Civil (Civil Code) · Ley de Fideicomisos (Trust Law)
- The first thing you should know about a trust is that the manager has to be an authorized institution; no one can be their own trustee
- That's why the value is in the advice. Designing the structure well and negotiating good terms with the bank
- Be very clear about the goal you're after, because the whole design depends on it
- Well structured, it's first-class asset protection
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.