Planning for the future using a Trust in Nigeria

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