Article
The Trust-Will Dilemma: Evaluating The Optimal Estate Planning Vehicle For Wealth Preservation And Succession In Nigeria
Trusts and Wills are estate planning vehicles in Nigeria that appear arcane to a cross-section of the public. The reason is not far-fetched; Nigerians are traditionally “testamentophobic” and would rather resort to the use of the extended family structure than rely on Trusts and Wills. This reality creates the need to demystify this area of law which wields a great influence directly or indirectly on the lives and finances of a considerable percentage of the Nigerian population.
S.P.A. Ajibade & Co.