Escrows

An Escrow Trust enables organizations or individuals to perform a financial transaction with confidence. A professional trustee retains the assets until all contractual obligations have been met.

Designed to help your organization:

Monitor the progress of deposits to the escrow trust.
Enjoy peace of mind with the knowledge that the assets held in escrow are in the hands of a professional trustee.

Escrow trusts can be established for a variety of transactions such as:

Non-profit life leased projects for seniors’ rental house
Software and source code
Organizations raising capital

Concentra provides:

Professional trustee services backed by over fifty years experience in meeting the needs of diverse organizations.
Skilled professionals to ensure compliance with legislative regulations.
An up-to-date register of all assets deposited to the trust during the term of the escrow.
Complete reporting to the organization establishing the escrow trust.
Safe custody of the assets in escrow.
Investment of funds held in escrow in accordance with investment instructions.
Preparation of necessary financial and taxation statements.
Distribution of assets or funds in accordance with the terms of the escrow trust.
Easy access for your organization’s staff to obtain ongoing support and assistance via phone, fax or email.

Your organization:

Retains Concentra to hold assets for the benefit of others until a triggering event occurs or certain conditions are met.
Ensures amounts held in escrow are promptly forwarded to Concentra.