Whether private or corporate, creating a trust is an important financial choice that assigns management and administration of your assets to a trustee and can have a significant impact on the welfare of your chosen beneficiaries as well as your legacy. It is advised that you conduct thorough due diligence and choose a reliable and capable company to oversee the trustee services for your estate.
In this article, we will go through what trustee services entail, how to pick a dependable trust company, and why DLM Trust offers the best trustee services in Nigeria to both individual and corporate clients.
Trustee Vis-a-Vis Trustee Services
A trustee is an individual or organization that manages and retains assets or property on behalf of a third party. A trustee may be appointed under several circumstances, including bankruptcy, specific retirement plans or pensions, or asset management on behalf of an individual. However, with the aid of trustee services, people can easily transfer their wealth to support loved ones or charitable causes in the event of their death. These services offer professional experience in estate management and wealth preservation. Trust services used by institutions are called corporate trust while the trust services used by individuals are known as private Trust.
Private Trust:
A private trust can be used as a family trust to manage wealth within the family, a charitable trust to support charitable causes, or an education trust to cover future educational costs for a kid. All facets of estate preparation and wealth management are included in private trustee services. A private trust includes the following services:
- Investment Management under trust.
- Living Trust
- Will Writing
- Estate Administration
Corporate Trust:
A wide range of legal and financial solutions, including bond issuance and other complex corporate transactions, are included in corporate trust services, which are specifically tailored to corporate clients to reduce the strain of managing assets and other specialized financial matters. A corporate trust includes the following services:
- Share Trusteeship
- Escrow Services
- Security Trust Arrangements
- Bond Trusteeship
- Fund Trustees (Mutual funds)
- Syndicated Loan Arrangements
- Collective Investment schemes
How to Choose the Right Trustee Services Company
When choosing a trustee service company, it is crucial to make certain findings and ask some crucial questions. A qualified trustee service company has more than trust administration experience and knowledge; they also have exceptional listening and relationship-building skills. When choosing a trustee service company, here are critical factors to consider and some questions to ask.
- How experienced are they?
- What expertise does the trustees’ service company and their team have?
- Do they have an expert related to your specific assets and/or trust goals (Estate planning, real estate etc.)
DLM Trust services are personalized and assist both individuals and institutions in achieving their asset management objectives. They guarantee that you receive excellent financial planning services to protect and grow your wealth. Enjoy excellent trustee service from DLM Trust today. Contact us for more information at https://dlm.group/dlm-trust/
