As wealth creation accelerates among Nigeria’s growing middle and upper-income earners, individuals are increasingly seeking more effective ways to preserve assets and ensure smooth succession for future generations. Against this backdrop, FCMB Trustees Limited has called on Nigerians to consider Living Trusts as a strategic alternative to traditional Wills for estate planning and wealth preservation.
Rita Imonieroh, the managing director of FCMB Trustees Limited, said Living Trusts offer greater privacy, faster asset distribution, and stronger protection against family disputes compared to conventional Wills, which are often subject to lengthy probate processes.
According to her, while Wills have traditionally been the preferred estate planning tool for many Nigerians, they can expose families to delays and public scrutiny at a time when financial support and stability are most needed.
“The most glaring flaw of a Will is that it must pass through probate. This court-supervised process is often a marathon, not a
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