This Will Template is suitable for only liquid (cash) assets. Liquid assets include Retirement Saving Accounts (RSA) with PFAs, funds in bank accounts, investments, insurance policies, gratuity, and debt owed to you by persons etc.
It is not designed to cover landed assets, therefore, if you have landed assets to protect, you should opt for the Simple Will template.
This template like a typical Will, only comes into effect after the demise of the Testator (Maker).This Trust template is suitable for all asset types with estimated total value of Thirty Million Naira and below (<= N30 million).
These assets include, but are not limited to; bank accounts, investments, insurance policies, gratuities, properties, shares and debt owed to you by persons etc.
This template allows for the creation of future obligations for the Trustees with respect to management and distribution of assets in the Trust.A Simple Trust, unlike a Will, comes into effect while the Settlor (Maker) is alive.
A Simple Will is a vehicle that allows for easy and straight forward distribution of assets. A Simple Will does not manage assets and it is suitable for all asset types with estimated total value of Thirty Million Naira and below (<= N30 million).
However, all types of assets whether Landed assets, shares, bank accounts, investments, insurance policies (including Group Life Insurance put in place by employers), gratuity, Retirement Saving Accounts (RSA) with PFAs and debt owed to the Maker can be included in a Simple Will.
A Simple Will can be created on WillPower. If you would rather a more personal touch, please contact us to speak with one of our professionals who would prepare the Will in line with your wishes and instructions.This Will is created to cater to practicing Muslims in accordance with the distribution principles of the Quran and the Sunnah.
A Muslim Testator may only freely distribute up to 1/3rd of his/her entire estate as he desires, the remaining 2/3rds must be reserved for his legal heirs and blood relatives in accordance with the distribution system laid down by Islam.
An Islamic Will (Wasiyyah) can be created on WillPower. If you would rather have a more personal touch, please contact us to speak with one of our professionals who would prepare the Will in line with your wishes and instructions.
A Comprehensive Will is a more elaborate testamentary document that is suitable for very large or complex estates or family relationships.
Unlike the Simple Will which allows for a straight forward distribution of identified assets to ascertainable beneficiaries, the Comprehensive will can cover for uncertainties or certain conditions.
All asset types whether Landed assets, shares, bank accounts, investments, insurance policies (including Group Life Insurance put in place by employers), gratuity, Retirement Saving Accounts (RSA) with PFAs as well as debts owed to you can be included into a Comprehensive Will.
To subscribe to this service, you would need to contact us directly for further help. Setting up an estate plan of this nature would require one on one consultations whether virtually or in person in order to provide you with a bespoke structure for your Comprehensive Will.
A Comprehensive Trust is a detailed Trust arrangement which a Settlor (maker) can use to place elaborate or reoccurring obligations on the Trustee.
Assets such as lands/real estate, shares/stocks, alongside other movable assets can be included in a Comprehensive Trust. The Trustee can be mandated to carry functions including but not limited to payment of certain recurring fees, management of assets etc.
To subscribe to this service, you would need to contact us directly for further help. Setting up an estate plan of this nature would require one on one consultations whether virtually or in person in order to provide you with a bespoke structure for your comprehensive trust arrangement.