Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What can the foreigner beneficiary expect from the Bank Trust Agreement?

April 26, 2017Agreement Bank Beneficiary expect foreigner Trust

0

0 Posted

What can the foreigner beneficiary expect from the Bank Trust Agreement?

1 Answer

0

0 Posted

1) The beneficiary can occupy the property for the life of the trust. 2) Title to the property can be transferred to the foreign beneficiary in the event that he acquires legal capacity to hold such property, or to any legally qualified person he/she may designate. 3) The trust can also be heired to your family by naming them as Secondary Beneficiaries in the event of your death. 4) The property can also be sold to a person legally authorized to own land or to another foreigner via a trust.