Planning for the future using a Trust in Nigeria

Описание: Trust Funds appear to be the exclusive preserve of the elite class. This mindset stems from a lack of information and clarity on what a Trust is and how accessible and beneficial it can be to everyday people.

In this video I deconstruct what a Trust entails and how it can be created while also enumerating important factors to consider when deciding to create a Trust.

Nigerians in diaspora can take advantage of this tool in managing the wealth they transfer to Nigeria for various purposes, for example building a home, providing for retirement, providing for family, etc. This will ensure their wishes are adhered to and the funds transferred are only used for the stated purposes they desire.

TIMESTAMPS | CHAPTERS

00:00 - Introduction
01:40 - What is a Trust
02:38 - What is Estate Planning
03:32 - Parties to a Trust
04:20 - How a Trust is created
07:18 - Who should sett up a Trust
08:54 - Who can be a Trustee
09:31 - Duties of a Trustee
12:06 - Benefits of a Trust
18:32 - Laws that regulate a Trust
20:28 - Remedies for breach of trust
20:50 - Final Thoughts

Disclaimer:
The information in this video is for informational purposes only and should not be construed as creating a lawyer/client relationship.


#law #lawyer #EstatePlanning #Trust #TrustinNigeria


Some organizations in Nigeria that provide Trust services are listed below:

This list is simply to help provide the options available that I found. This will help you shop around for the best options to achieve your goal.

PLEASE NOTE THAT I AM NOT IN ANY WAY AFFILIATED OR SPONSORED BY THE BELOW LISTED COMPANIES AND I AM IN NO WAY RECOMMENDING ANY ONE TO YOU.

1. Bank of Industry
https://www.boi.ng/subsidiaries/boitc/

2. Stanbic IBTC Trustees
https://www.stanbicibtctrustees.com/-

3. Custodian Plc
https://custodianplc.com.ng/private-t...

4. FBN Quest Trustees
https://fbnquest.com/trustees/service...

5. STL Trustees
https://www.stltrustees.com/services/...

6. Investment One
https://www.investment-one.com/financ...

7. Vetiva
https://www.vetiva.com/vtrustees/

8. Quantum Zenith
https://quantumzenithtrustees.com.ng/

9. UTL Trust Management Services
https://utltrustees.com/our-services/...

10. ARM Trustees
www.armtrustees.com

11. PAC Trustees Limited


12. Sterling Asset Management & Trustees Ltd
www.samtlng.com

13. United Capital Plc Group
https://www.unitedcapitalplcgroup.com...

14. Leadway Capital and Trust limited
www.leadwaycapital.com

15. FCMB Trustees
https://fcmbtrustees.com/page.php?a=p...

16. CSL Trustees