Types of Trust
When you hear of Trust and Types of Trust what comes to your mind? first you try to understand it from the common meaning of Trust that we have in our society and then you try to relate it to wealthy individuals, persons with high net worth. But it’s often not the case, Below we […]
Who Needs Estate Plan and what are Its Tools
Who needs Estate Plan? Everyone, yes, the simple answer is EVERYONE. Why? because every human being living has some wealth and legacy which they can preserve and transfer to the next generation. Be it personal effects, savings, pension funds, insurance, etc. Estate planning is not just for “retired” people or people who have built some […]
What Is Estate Planning
What is Estate Planning? Estate Planning is the preparation of a plan to carry out an individual’s wishes as to the management, administration, transfer, and disposal of the individual’s property, assets during the lifetime of a person and/or after death. #EstatePlanning also covers the management of personal affairs in the event of incapacity. Simply put, […]
QUESTIONS AND ANSWERS
Is it right to conclude that where there is a conflict between a trust that has been created by a settlor and the existing beliefs and customs of his known culture, the latter prevails? ANS: No, this is not entirely correct. If the Trust is created as a living Trust in other words, legal title […]
STL TRUSTEES WINS DOUBLE RECOGNITION AT THE 2021 INSTINCTBUSINESS FINANCE INNOVATION AWARDS (IBFIA)
STL Trustees has been recognized as “Africa Trustee Company of the Year” in this year’s edition of InstinctBusiness Finance Innovation Awards (IBFIA) which was held recently in Accra, Ghana. The Managing Director and Chief Executive Officer of the company, Funmi Ekundayo, was also recognized for her outstanding contribution to the trusteeship industry in Nigeria. IBFIA, […]
STL TRUSTEES WEBINAR SERIES: RETAINING ASSETS IN THE LINEAGE USING TRUST AS A TOOL
Retaining Assets In The Lineage Using Trust As A Tool – Q & A Session – Question: Can I create a “Trust” within a “Will”? Answer: It is possible to create a Trust within a Will. This is referred to as Testamentary Trust and it takes effect upon the coming into effect of a Will. […]
STL WINS TRUSTEE OF THE YEAR AT BAFI AWARDS 2020
STL Trustees has once again been recognized as the Trustee of the year at this year’s BusinessDay Banks and other Financial Institutions (BAFI) Awards held recently at Intercontinental Hotels, Lagos. It is the third time in three years that STL Trustees has won the award. On hand to receive the award for the company was […]
STL TRUSTEES’ WEBINAR ON “AN EVALUATION OF ESTATE PLANNING MECHANISMS IN NIGERIA” HELD ON 4TH NOVEMBER 2020
Q & A FROM WEBINAR Que: What are the types of Living Trust? Ans: The applicable categories of Living Trusts would depend largely on the individual needs and requirements of each Client. However, the common types are (i) Children Education Trust (ii) Retirement Plan Trust (iii) Independent Care Trust (iv) Blind Trust (v) […]
STL TRUSTEES’ BUSINESS CONTINUITY PLAN
I’M IMPRESSED!
I’M IMPRESSED! I met a widower last week who seems to me well organised, not to be pitied but applauded. Steve got married in 2005 at age 31 and became a widower at age 33. Ill luck, I guess. His wife died at child birth- the baby girl Lizzy is now in Secondary School. However, […]