A trust is a fiduciary relationship in which one person, known as a "trustee," holds title to property or assets for the benefit of another person, the beneficiary.

A trust can be used, for example, if someone is unable to manage their finances due to age (underage or elders), or suffers from a mental or physical disability.

Your financial advisor can simplify the process of setting up a trust by acting as a facilitator between you and an appointed trust officer who can recommend trust options best suited for your needs.

Domestic Trust Services

Scotiabank Jamaica Investment Management Ltd. (SJIM) provides a complete range of confidential services to trustees and executors within Jamaica including:

• Custody of trust assets
• Investment of trust assets
• Collecting income on trust assets
• Issuing periodic financial reports on trust activities
• Filing income tax returns

Offshore Trust Services

For your offshore trust needs, Scotiabank affiliates in the Cayman Islands, Bahamas and the Channel Islands offer you a full range of services including:

• Discretionary Investment Management
• Personal Trust Administration
• Investment Custodial Services

Scotia Trustee Services are available through Scotia Private Banking Services. Contact us for more information about how we can help you reach your investment goals sooner.