El escrow is a provision made by the holder of a The heritage, known as a testator, by which he leaves his inheritance or part of it to a person so that, when a case occurs and at a specific time, he transmits the inheritance to another person or invests it in the manner indicated by the testator.
In Spain it is usually used in relation to inheritances, however in Latin America it is a more frequent financial instrument.
It is also an element present in the family business Since through a trust on the shares or social participations, we can guarantee the preservation of the family business in the descending lines. The legal limit of the second generation must be taken into account as established, the Catalan law and Civil Code.
