Stanbic IBTC Trustees To Aid Seamless Transfer Of Assets

Stanbic IBTC Trustees To Aid Seamless Transfer Of Assets

Stanbic IBTC Trustees, a subsidiary of Stanbic IBTC Holdings, has reaffirmed that establishing a Trust with the company ensures that assets are transferred seamlessly and that the issues connected with asset transfers are minimized.
Facility Agent, a service available to Stanbic IBTC Trustees clients, guarantees smooth distribution and repayments under club financing arrangements while ensuring all other loan requirements are met. These are Security Trustee conditions, which allow Stanbic IBTC Trustees to retain a loan’s security in trust while also monitoring the security’s assessed value against loan risk.
Stanbic IBTC Escrow Agent enables Stanbic IBTC Trustees to store funds and documents for transacting parties in escrow.

Other options include Public Trust, which allows Stanbic IBTC Trustees to act as Trustee for state government bonds and mutual funds under the Securities and Exchange Commission’s supervision, and Trust Scheme, which allows Stanbic IBTC Trustees to act as Trustee in individualized Trust arrangements to meet specific needs.

Furthermore, the company offers an Estate Planning package that includes asset purchase, asset management, and asset transfer, including Wills and Trusts as part of the structure. The Stanbic IBTC Educational Trust (SET) is one of them, and it helps parents and guardians provide quality education to their children and wards. Parents can use the service to contribute to their children’s education, whether it’s primary, secondary, university, or even post-graduate.

Stanbic IBTC also assists in the design and execution of Comprehensive Wills, as well as serving as Custodian of the Will and Executor of the Estate. In addition, the organization assists clients in establishing Private Trusts for those who prefer customised Estate Planning solutions, while low-cost, streamlined “off-the-shelf” alternatives such as the Simple Will ensure that Beneficiaries have simple access to assets once the Testator passes away.

Charles Omoera, Chief Executive, Stanbic IBTC Trustees, noted that the organization’s Trust solutions are geared at helping individuals run effective businesses with peace of mind and plan their Estates to ensure successful and seamless transfer of assets to their future generation while commenting on the benefits customers stand to gain from Stanbic IBTC Trustees. “It is impossible to overstate the importance of estate planning.

It takes care of and safeguards our loved ones and their interests. These interests are secured from obnoxious activities through the use of Wills and Trusts, and family squabbles or financial difficulties that may occur after the Testator’s death are minimized.”

“As a global risk management and world-class corporate governance organization, Stanbic IBTC Trustees ensures that Clients receive unrivaled risk management, based on tried and trusted processes built on the organization’s famous culture of trust, secrecy, and integrity,” he said.

Stanbic IBTC Trustees’ Chief Executive stated that the organization has continued to provide excellent services across many jurisdictions with integrity and transparency, owing to its depth of experience and expertise in developed markets around the world. With its strong financial position, Stanbic IBTC Trustees remains committed to offering innovative and customer-focused financial solutions to Nigerians, he said.

He encouraged everyone to go to www.stanbicibtctrustees.com to learn more about Estate Planning and the resources available, and then join up for a free account.

What you should know about Stanbic IBTC Trustees

Employee share option programs, as well as agent bank, escrow, bond, and security trustee services.

Stanbic IBTC Trustees Limited is a wholly-owned subsidiary of Stanbic IBTC Holdings Plc. (a member of the Standard Bank Group) that was registered as trustees by Nigeria’s Securities and Exchange Commission (SEC) in 2009 and received SARB approval in 2010.

The company complies with the SEC’s new minimum capital requirement for Trust companies in Nigeria, with funds in excess of N300 million.

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