United Capital Heritage Trust is a platform that ensures every wishes of the settlor as regards education, welfare, heath, leisure (travel) of their beneficiary are actualised.
Heritage Trust is distinct from other children’s product because it is specifically created for the benefit your children/wards; and designed to assist in providing an enduring legacy and uninterrupted welfare for your minors.
The Trust can be created in both Naira and Dollar denomination to cater for any eventualities and provide an enduring arrangement for the education and welfare of named beneficiaries with an annual minimum subscription of N100,000 or $1,000. This product enables you to set aside a lump sum amount or periodic contributions over time to provide the education and welfare of your named beneficiaries.
The benefits of this product include;
Protects and preserves the Trust assets for the future maintenance of the beneficiaries.The settlor (individual or group setting up the Trust) may make annual gifts into the Trust while the child is a minor, allowing funds/assets to accumulate for the future benefit of the child.Provides for the child in the event of the parent’s disability or death.The Trust would also make provision for a named representative who can act on behalf of the settlor only in the instance of confirmed unavailability or disability of the settlor.Protects the assets in the Trust from creditors.Provides a tax-effective structure.Hedge against devaluation of currency as it is also Dollar -denominated.Helps cater for the needs of settlor who has USD obligations.Reduces the risk of litigation on your estate upon the death of the parent.The Trust Fund is professionally managed to generate returns and reports on the Trust Fund will be rendered by Trustee bi-annually.The features of the products include;
Product is available both in Naira and Dollar denomination. Minimum annual subscription of N100,000 or $1,000Option of a lump sum or flexible/fixed contributions over time. Standing Payment Oder.Professional management of funds, online access to view account and annual report by the Trustee.The settlor or the named Guardian are free to choose the educational institution (subject to the adequacy of the funds in the Trust).Funds can be availed directly to 3rd parties for the purpose of school fees, travel, health, etc. in favor of the named beneficiary.Professional advice on the adequacy of pre-funding towards achieving uninterrupted education and welfare in any event.The Trust has an optional added advantage of life insurance cover that is specifically designed to provide a lump sum payment into the Trust upon the permanent disability or demise of the settlor. Who should subscribe to Heritage Trust?
ParentsLegal guardiansCompanies who desire to cater for the child(ren)of a deceased staffReligious Bodies NGOs and FoundationsMake that intelligent choice to make sure their dream doesn’t come to a dead end.