GENERAL INFORMATION

Frequently asked questions

Frequently Asked Questions

What costs are involved?
A one-time fee: a percentage that is linked to the term of the desired maturity value which increases as the term decreases. There are no annual fees, commissions or broker’s fees and the Trust is not subject to probate or taxes until paid out.
How am I assured a return on investment?

Members who purchase vacation ownership programs become the beneficiaries of an independent and registered international Trust. That means the Trustee, who manages Bloom Holdings Trust, has been instructed to pay 100% of the purchase price under an agreement that adheres to the registered instructions. Failure to live up to the terms of the agreement may lead to a loss of the right to claim.

What amount can be reimbursed?

The beneficiary is entitled to a full 100% refund of all monies invested in the vacation program, plus any associated costs that are indicated to be included in the value of the Trust Certificate. Those associated costs include previous vacation club purchases, projected flight costs, all-inclusive fees and interest on financing.

How does the Trust work?

There are three components in the fiduciary relationship of a Trust. One party, known as the Settlor, gives another party, the Trustee, the right to hold title to property or assets for the benefit of a third party, the Beneficiary. Trusts are established to provide legal protection for the Beneficiaries’ assets to make sure they are distributed according to the instructions of the Irrevocable Trust.

How is my money protected?

A Trust is one of the most flexible and efficient legal mechanisms recognized by law and it provides the ultimate in asset protection. Vacation club members’ payments are registered together in a collective fund. The Trust instructions determine that the Settlor shall distribute according to each Trust Certificate and pay the Beneficiary on the registered maturity date. All distributions are overseen by the Trustee. An Irrevocable Trust cannot be amended, modified or revoked in any way.

What do I need to know to make a claim?

Members must remain in good standing with the club and meet all financial agreements. A beneficiary can claim the reimbursement any time within 365 days of maturity by providing Innovest with a color copy of ID and the original Trust Certificate.

How do I submit a claim?

Send your claim to: 444 N. Michigan Ave. Ste. 1200, Chicago, Illinois 60611, U.S.A.
The monies are wire transferred or deposited into the beneficiary’s account either onshore or offshore
within 60 days of receipt of claim.

How do I contact Innovest?

The head office of Innovest Corporation Group Inc.TM is located at: 444 N. Michigan Ave. Ste. 1200, Chicago, Illinois 60611, U.S.A.
Tel: +1 (773) 538-3387
US Toll free: (833) 466-8378
Email: info@innovestcorporation.com www.innovestcorporation.com