Private Trust
ARM Trustees Limited (ARMT) proffers private trust advice to clients on strategies for effective estate planning. Our main strategy is geared towards the preservation and enhancement of wealth for our clients and future generations. We adopt professional investment advice from competent independent financial advisers inclusive of our parent company ARM. Our Trust services includes advising on suitable trust structures, establishing and administering trust settlements.
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Download the form below and send filled copy to armtrustees-PT@arm.com.ng
Living Trust Service
A Trust is a fiduciary arrangement between a Settlor and Trustee, whereby the Trustee holds assets on behalf of the Settlor for the benefit of named beneficiaries.
The Living Trust is a robust type of Trust, set up during the lifetime of the Settlor to cater to the objectives of the settlor on his/her assets which will be transferred into the Trust upon creation of the Trust.
Unlike other types of Trust arrangements, the Living Trust has no restriction on the nature of objectives allowed. Thus, the nature of instructions given to the Trustee by the Settlor, can cover different areas and activities of life.
Settlor Directed Trust
Settlor-Directed Trust is a robust arrangement set up during the lifetime of the Settlor to cater to the objectives of the settlor regarding his/her assets which will be transferred into the Trust upon set up of the Trust.
In this instance, the Settlor is fully involved in the decision-making process in a Settlor- Directed Trust. The Trustee has minimal discretionary capacity until the demise of the settlor.
Just as the Living Trust service, the Settlor- Directed Trust has no restriction on the nature of objectives allowed. Thus, the nature of instructions given to the Trustee by the Settlor, can cover different areas and activities of life.
The settlor has the sole discretion to name any individual or group of individuals as beneficiaries of the Trust and there are no restrictions on the number of beneficiaries to be named in the Trust.
Education Trust
An Education Trust is a fiduciary arrangement set up with the sole purpose of ensuring that the education and/or welfare of the beneficiaries are smooth and unhindered by catering to the education and/or welfare needs of the beneficiaries.
In this arrangement, the Trustee makes payments directly to the educational institution on behalf of the beneficiaries.
For payments for welfare needs of the beneficiaries, the Trustee makes periodic payments to designated account(s) as agreed between the Trustee and Settlors.
The Settlors have the sole discretion to name any individual or group of individuals as beneficiaries of the Trust.
Endowment Trust
Our Endowment Trust Services is an arrangement which upholds the legacy of humanitarian deeds which covers expenses as indicated in the Trust Deed.
An endowment trust can be set up for different purposes, e.g school fee payment for people who fit into certain criteria, maintenance of a particular monument or structure, health care of a certain class of people, etc.
The Settlor in this instance could be an individual or a corporate body/foundation.
Portfolio Investment Trust
The portfolio investment trust service is based on the three wealth management concepts of wealth creation, wealth protection and wealth transfer.
This is created to remove the administrative burden of managing a portfolio of investments by the client. It entails the creation of a Trust which holds a portfolio short-term, medium- term and long-term instruments based on the risk appetite of the client. The income generated will be maximized to achieve the objectives of the Trust.
Family Trust
This type of Trust is set up to cater to assets jointly owned by the larger family. This enables the family to preserve and manage family-owned assets that have been set as legacies by the patriarch/matriarch of the family.
The structure is not only useful for the administration of existing assets but can also be used to procure assets the family intends to hold in the family name.
The Family Trust also serves as a precursor to a Family Office arrangement if the intention is to start or continue a family business to ensure legacy and business succession.
Single Asset
The portfolio investment trust service is based on the three wealth management concepts of wealth creation, wealth protection and wealth transfer.
This is created to remove the administrative burden of managing a portfolio of investments by the client. It entails the creation of a Trust which holds a portfolio short-term, medium- term and long-term instruments based on the risk appetite of the client. The income generated will be maximized to achieve the objectives of the Trust.
Special Needs Trust.
The structure is not only useful for the administration of existing assets but can also be used to procure assets the family intends to hold in the family name.
The Family Trust also serves as a precursor to a Family Office arrangement if the intention is to start or continue a family business to ensure legacy and business succession.
WILLS
A Will is a testamentary document, which contains the instructions of an individual over his assets, after his/her demise. It is regarded as a legally recognized instrument of transfer of assets from one individual to another.
The writer of a Will is known as a Testator for a man, and a Testatrix for a Woman. The individual(s) who benefit from a Will is known as a Beneficiary(ies).
The instructions in a Will are to be carried out by nominated individuals/corporate body known as Executors. The number of executors to be nominated in a Will must be between two and four individuals, or one corporate body such as ARM Trustees.
Upon the completion of the drafting process, the Testator and witnesses execute the document, and, if the Testator elects. Trustees would lodge the Will at the probate.
Probate Help Desk
When an individual dies without a Will, it is said that such person died Intestate. Our Probate Help Desk service caters to the process of obtaining the Letter of Administration, to enable the beneficiaries of such an individual, inherit and manage the estate.
Executorship Service
This service covers ARM Trustees acting as appointed Executors in Wills.
It entails obtaining the grant of probate, as well as distribution and/or management of assets of the Testator/Testatrix.
ARM Trustees can become executors/administrators to estates if appointed via a will. appointed by executors who need help with administering the estate appointed by a court where there is no will and the courts require an independent administrator.
Islamic Estate Planning
Our Islamic Estate Planning services cater to our muslim clients who have intentions to plan their estate and distribute their assets in accordance with Islamic principles. ARM Trustees provide different tools of Islamic estate planning from which individuals can choose the most suitable, in order to meet their estate planning objectives.
Islamic Will and Trust services encompass a range of legal and financial structures designed to facilitate the orderly transfer of wealth and assets in accordance with Islamic principles.
The Islamic Will is known as the Al-Wasiyyah which is offered by ARM Trustees, and we have the Islamic Trust.
Related Services:
Custodial Services
Our custodial services is a service which enables clients handover documents or other valuable assets for us to hold and keep on their behalf for a stated period.
A comprehensive custodial agreement will be prepared to cover the tenure of custody of the document.
This service protects the documents/assets of clients from unauthorized access, theft, destruction or misplacement.
Incapacity Solutions
Incapacity Solutions (Incap Solutions) is a service which enables you to nominate another person and confer on them powers to make personal medical decisions or financial decisions in the case of temporary or permanent incapacitation. This service entails the preparation of a comprehensive Medical and Financial Power of Attorney (as the case may be) to cover this eventuality.
This service is intended to avoid placing the burden of responsibility on a friend or relative, particularly when facing complex personal affairs.
International Life Insurance:
Our International Life Insurance services cater to individuals who have an interest in obtaining offshore life insurance coverage. This service entails certain due diligence procedures to ensure that such individual is medically fit for this coverage.
The transaction is carried out in USD currency
Value – Added Services:
- An Alternative Residency Plan
- An International Health Insurance Plan
- An International Life Insurance Plan:
Funeral Directives
This is an add-on service which is bundled with either our Will Drafting Service or Trust Products.
It is a simple document which indicates the wishes and specific instructions of the Settlor/Testator, upon demise.
The instructions usually contain information regarding any or all the following:
- Burial arrangements;
- Distribution of assets not covered by the Trust/Will
- Other maintenance arrangements that the Settlor/Testator might have had in place.
The document could be addressed to specific individuals but kept with the Trustee until the time of execution.
Living Trust
Our Living trust services are geared towards the preservation and enhancement of wealth for our clients for future generations. We adopt professional investment advice from competent independent financial advisers which may include our parent company, ARM.
Discretionary Trust
We consider the framework of your finance, income line, assets class, expectations and liabilities and provide you with a guide, while managing the trust as occasion demands. This Guide will be a bespoke arrangement to suit your financial needs, help you to hack your financial goals.
Living Trust
Our Living trust services are geared towards the preservation and enhancement of wealth for our clients for future generations. We adopt professional investment advice from competent independent financial advisers which may include our parent company, ARM.
Discretionary Trust
We consider the framework of your finance, income line, assets class, expectations and liabilities and provide you with a guide, while managing the trust as occasion demands. This Guide will be a bespoke arrangement to suit your financial needs, help you to hack your financial goals.
Private Trust
We leverage our expertise in the provision of unmatched Trust services to ensure that your desires are well executed and your interest is protected.
- Living Trust: Our Living trust services are geared towards the preservation and enhancement of wealth for our clients for future generations. We adopt professional investment advice from competent independent financial advisers which may include our parent company, ARM. We are able to draft initial and ancillary documentation to establish and administer trust settlements and distribute trust income to beneficiaries.
- Discretionary Trust: We consider the framework of your finance, income line, assets class, expectations and liabilities and provide you with a guide, while managing the trust as occasion demands. This Guide will be a bespoke arrangement to suit your financial needs, help you to hack your financial goals.
Start a trust today!
Related Services
Living Trust
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Education Trust
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Education Trust Plus
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Group Life Settlement Trust
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