The document therefore obliges the lender to maintain the conditions accepted by the borrowers and vice versa. The document is duly signed, probably in front of witnesses for each transaction. CONSIDERING that the agent agrees to retain the property or immovable property in trust under the conditions and within the limits and attributions defined below in this instrument; A lender can use a legal credit agreement to enforce the repayment if the borrower does not maintain the end of the agreement. In the event of the death of the licensor, it is the responsibility of the agent to ensure payment of the debt, expenses and taxes of the fiduciary asset. The agent will pay the licensor`s funeral expenses, inheritance tax, legacies and equipment, as well as other legal fees and debts. Getting a private loan with bad credit is usually very difficult. Many people who lend to personal borrowers consider looking at their ability to repay the loan, and one of the easiest ways to find out if someone has the capacity is by their creditworthiness. However, with a good explanation of why you need the credit when they have bad credit and the certainty that they can pay the specific credit, it is possible to borrow on a personal level. After the death of the licensor, the agent distributes the assets of the trust in accordance with the licensor`s will, including the real estate that can be distributed to the agent. Real estate not indicated in the will is distributed as follows: the trusts of descendants are separated and held by the agent for the benefit of this descendant as long as he is under 30 years of age.
The trustee manages the financial confidence of the beneficiary in terms of education, health and other financial aid.