Capital Conservator

Capital Conservator is not a bank, nor is it a bank introduction or bank account opening service. The Capital Conservator Group is composed of multiple financial services companies, holding deposits and making investments for its clients using its own accounts in order to protect the privacy of its clients.

This means:

* Your funds are held in Capital Conservator accounts at partner banks;

* Your investments are held in Capital Conservator accounts at partner investment houses;

* Your gold and silver are held in Capital Conservator accounts at bonded repositories;

* You ATM card is funded from a Capital Conservator master account for enhanced privacy.

* Your affairs remain private between you and Capital Conservator

Capital Conservator requires modest and sensible due diligence and is pleased to welcome:

* accounts from offshore companies, trusts, and foundations;

* other non-resident accounts;

* customers without bank references;

* special account needs;

* escrow accounts; and

* short-term transit accounts.

[box type=”alert” size=”large” style=”rounded”]Capital Conservator is no longer operating since 2012.[/box]

Trust law

A trust is a relationship whereby property is held by one party for the benefit of another. A trust is created by a settlor, who transfers property to a trustee. The trustee holds that property for the trust’s beneficiaries. Trusts exist mainly in common law jurisdictions and similar systems existed since Roman times.

An owner of property, that places property into trust turns over part of his or her bundle of rights to the trustee, separating the property’s legal ownership and control from its equitable ownership and benefits. This may be done for tax avoidance reasons or to control the property and its benefits if the settlor is absent, incapacitated, or dead. Trusts are frequently created in wills, defining how money and property will be handled for children or other beneficiaries.

The trustee is given legal title to the trust property, but is obligated to act for the good of the beneficiaries. The trustee may be compensated and have expenses reimbursed, but otherwise must turn over all profits from the trust properties. Trustees who violate this fiduciary duty are self-dealing. Courts can reverse self dealing actions, order profits returned, and impose other sanctions.

The trustee may be either a individual, a company, or a public body. There may be a single trustee or multiple co-trustees. The trust is governed by the terms under which it was created. In most jurisdictions, this requires a contractual trust agreement or deed.

Photo credit: _4cryingoutloud via VisualHunt / CC BY-NC-SA