Contract under which the trustor transfers to a trust institution the ownership or title of one or more assets or rights, as the case may be, to be used for lawful and determined purposes, entrusting the accomplishment of said purposes to the fiduciary institution itself . The definition of Trust includes 4 relevant elements: a) It is a contract, the Trust is a contract; b) There is a transfer of ownership, the property is transferred legally to the Trustee, change of owner; c) The assets are destined to Lawful Purposes and certain agreed in Trust and d) The Trustee is the Institution that acquires and administers the assets in Trust.

The main parties that usually intervene in a Trust are 3: Trustee, Trustee and Trustee, as we mentioned, some Trusts may be involved in some Trusts, such as Trustees A, Trustees B, Trustees C, etc. Trustee in First Place, Trustees in Second

The Settlor is the Person, entity or entity that constitutes a Trust, providing and / or transmitting to the Trust certain goods or rights to be destined to the accomplishment of a licit and determinate purpose and entrusts such realization to an Institution empowered to act as

It is the physical or moral person designated by the Settlor to receive the benefit derived from a Trust Agreement.