First Nation/Aboriginal Trusts
 
The primary purpose of a First Nation Trust is to provide a benefit for First Nation members by creating a trust and placing control over the trust funds into the hands of a trustee.  A specific claim or a treaty land settlement provides the capital for the trust and may be paid out in either a lump sum or in installments.

The trust fund may be used to develop business or enhance services, such as health care, education or housing for members of the First Nation band.
 
Your member may wish to consider a First Nation Trust if:
  • They wish to preserve the capital for future generations.
  • They wish to limit access to the funds.
As trustee, Concentra is responsible for:
  • Safeguarding of assets for future generations.
  • Administration of assets and distribution of income or capital in accordance with the terms of the trust.
  • Reporting of transactions and administration activities.