How do you set up a Trust in Nigeria?
A trust is where a person’s gives another party the legal right to manage the assets for a benefit of another person. A trust can be a property, a bond, stock, mutual funds or even stock.
To set up a trust, the first step is to;
- Appoint a trustee. A trustee can be a company or group of individuals or an individual or a firm.
- State the type of trust you are interested in. There are various types of trust such as private trust, corporate trust and public trust.
- Transfer the assets to the trustee. This is an important aspect and it can either be a revocable or irrevocable trust.
618 Bees can help you quickly and easily set up a Trust. Log on to our website www.618bees.comor email hello@618bees.com, or give us a call on +2349017190079. 618 Bees will complete the setting up process for you with a reliable organisation.
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