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Frequently Asked Questions

FAQ

01. What is a Trust and how can it benefit me?

A Trust is a legal arrangement where you transfer ownership of assets to a Trustee (PAC Trustees) to manage them for your benefit or according to your wishes. Trusts offer a variety of benefits, including:

  • Asset protection: Secure your assets from potential risks like creditors or lawsuits.
  • Estate planning: Facilitate a smooth transfer of wealth to your beneficiaries, potentially avoiding probate.
  • Financial management: Appoint a trusted professional to manage your assets for your benefit, especially if you become incapacitated.
  • Flexibility: Design a Trust that aligns with your specific needs and goals.

We offer a wide range of Trusts to suit your specific needs, some of which include:

  • Living Trusts: Manage assets during your lifetime and streamline the inheritance process.
  • Employee Share Ownership Scheme (ESOS) Trusts: Facilitate employee ownership within your company.
  • Warehousing Trusts: Securely hold assets until specific conditions are met.
  • Nominee Trusts: Maintain privacy by holding assets in our name while you retain ownership.
  • Charitable Trusts: Facilitate charitable giving and manage charitable funds effectively.
  • Syndicated Lending Trusts: Secure capital from a consortium of lenders for large projects.

A Will is a legal document outlining how you want your assets distributed after your passing. Probate court oversees the Will’s execution, which can be time-consuming and public. Trusts, on the other hand, can avoid probate and offer more flexibility in managing assets during your lifetime.

Our Nominee Services allow you to hold assets in our name, acting as a discreet third-party owner. This provides several benefits such as enhanced privacy since public records won’t reveal your ownership of the assets and reduced fraud risk.

At PAC Trustees, we guide you through the process of creating a comprehensive plan that protects your assets and ensures your wishes are carried out. We can help you with:

  • Drafting Wills and Trusts: Craft personalized legal documents that reflect your unique needs and goals.
  • Probate Administration: Navigate the complexities of probate court efficiently and effectively.
  • Asset Management: Develop strategies for managing and distributing your assets throughout your lifetime and after your passing.

Yes, Established in April 2006(RC number 1431841) as a wholly owned subsidiary of the Pan African Capital Holdings Limited, PAC TRUSTEES is a fully licensed and regulated by Security and Exchange Commission (SEC). We are committed to upholding the highest ethical standards and safeguarding your assets.

Contact us today! 

Email Us: info@pactrustees.com or Call Us: +234 (1) 271 6899

Our team of experts is here to help you navigate complex financial matters and achieve your goals.