Private Trust

A trust is a relationship which arises whenever a person called the ‘Trustee’ is compelled by law to hold property real or personal for the benefit of the Grantor, some persons or for some object or purpose permitted by law in such a way that the real benefit of the property does not accrue to the trustee but to the beneficiaries in compliance with the directives or instructions of the creator of the Trust; otherwise called the Donor or Settlor.

A Private Trust can be created to which allows you as settlor to transfer money (into a Client Trust Account maintained with Equity and Trust Chambers in its bank) or other assets such as properties (including lands and buildings) to the control and management of an independent trustee who is legally bound to deal with the assets according to your wishes in absolute confidentiality. The Trustee must superintend and manage the transfer of money/assets and application to them to the beneficiaries-settlor, persons, people, or organisations you would like to receive money/assets in strict compliance with your instructions.

Sometime in life its desirable and indeed necessary to have someone else (preferably) a professional person/company to manage your private affair-finance, estate, landed property etc. with the assurance of peace of mind. It could be to provide for general upkeep and passing of assets to children and other dependants especially where a family structure is complicated by divorce, second marriage and out of wedlock children/dependants. This simile must suit in circumstances where utmost confidentiality is required. It involves;

• Payment for education, medical expenses and general upkeep for self, family and children of special circumstances such as children out of wedlock in Nigeria and overseas.


• Upkeep, support, and maintenance of other dependents (wives, mistresses) in a complicated relationship.


• Financial support to friends, extended family members, religious, educational, cultural, or social organization and NGOs.


• Management of your other investments such as acquisition and purchase of shares in companies and interfacing with parties in respect of the investment