STL CET (Children Education Trust)
The desire of every parent is to bestow a lasting legacy on their children/wards with a good education. At STL Trustees, we appreciate how pertinent this desire is and have designed the Children Education Trust product to assist you in making an enduring provision for the future education of your children/wards in any event.
Children Education Trust enables you to set up a Trust specifically for the education of your children/wards. We hold such funds in Trust for your named beneficiaries. We also manage the funds and generate income thereon for the benefit of your named beneficiaries.
You have the option to either make a lump sum payment or gradually grow the fund to achieve your desired objective.
- Flexible and convenient way of providing for your children/wards education and securing their future.
- Named beneficiaries will enjoy uninterrupted education from the Fund without the hassles of Probate or letters of Administration in the event of demise of the Settlor.
- Trust Fund is separate and distinct from your personal estate and not accessible to your creditors.
- Option of direct payment to School.
- Insurance benefit with a sum assured of ₦2 Million.
- You can start the scheme at any time even for your unborn children.
- Ability to substitute beneficiaries at any time.
- Your Trust fund will be professionally managed to earn guaranteed returns.
- Allows good educational planning for your childern/wards.
- You can use the Scheme to fulfill your charitable yearnings/disposition.
- Financial security throughout the period of your child’s education.
- Confidentiality and accountability.
- Minimum contribution of ₦20, 000 per month.
- Contribution option could be monthly, quarterly, half yearly or annually.
- Payment could be lump sum or periodically.
- Minimum tenor of 2 years.
- Payment mode could be by Cheque, Bank draft, Bank Deposit or Standing Order Instruction (SOI).
- Half yearly statements of account.
- 24 Hours notice required for termination.
