What characteristics would have a trust agreement (fideicomiso)?
In the trust deed, the present owner of the land would appear as the settler (fideicomitente) and would thereby deliver title of the real estate to the trustee who would hold the property during the life of the trust (50 years) You can renew the trust perpetually.The buyer (you) would appear as the Beneficiary (fideicomisario), the person having the absolute use and avail of the property.
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- What characteristics would have a trust agreement (fideicomiso)?