Every man who has worked hard to acquire lands, buildings and other valuable property desires that his family and loved ones enjoy the fruits of his labour while he lives and even long after he is gone.
Yet many families are torn apart because property benefits are without a clear legal structure. That is where you need a Deed of Trust.
A Deed of Trust is a legal document with which a property owner (called the Settlor) appoints Trustees to (now or later) manage his properties for the benefit of his chosen beneficiaries.
These Trustees (trusted persons or corporate bodies) are given powers to collect money, maintain property, share proceeds, fund education and welfare and protect the beneficiaries until they can stand on their own. It is the property owner’s voice speaking with authority even in his absence.
It clearly lists the properties covered, beneficiaries, duties of Trustees, how funds should be spent and what happens if a Trustee misbehaves. It prevents greed, eliminates confusion and makes sure no outsider hijacks what belongs to your family.
The benefits are many: peace in the family, protection for children and dependants, smooth transfer of wealth and certainty that your wishes will be obeyed.
Only an experienced Property Lawyer can prepare a Deed of Trust that is solid, enforceable and complies with property law.
You built your wealth with sweat; protect it with wisdom.
__________________
APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors Advocates, Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria