Frequently Asked Questions

Anyone you trust may be a trustee, but choosing one with the right experience and knowledge is important to manage your estate effectively. This is where professional trustees, like Coronation Trustees, come in. We provide the expertise needed to handle these responsibilities smoothly and we make sure your assets are in safe hands.

A Will is the foundation of any good estate plan. It is a legal document that ensures your assets are distributed according to your wishes after your passing. Without a Will, your estate may be subject to legal disputes, and your loved ones might not receive what you intended. When you have a Will, you protect your family from unnecessary stress and ensure your legacy lives on. At Coronation Trustees, we make drafting a Will simple and straightforward. You may set your preferences, appoint executors, and leave detailed instructions for how your estate should be handled.

Managing your assets through a trust provides a reliable way to protect and oversee them according to your wishes. A trust lets you assign a trustee to manage your assets for the benefit of specific individuals; this could be for ongoing family needs, education funding, or maintaining privacy. At Coronation Trustees, we offer services tailored to different trust arrangements, including living, family, blind, and education trusts. Our goal is to simplify the process and help you secure the future you want for yourself and your beneficiaries. With our expertise, you’ll have a dependable partner to guide you every step of the way.

Every parent wants to give their child the best start in life, and a Child Education Trust makes that goal a reality. It is a financial tool designed to set aside funds specifically for your child’s education, so you can be confident that their future is covered. From school fees to university tuition, this trust keeps money available exactly when it is needed most. Coronation Trustees help you create a trust that grows with your child. No matter what life throws your way, the education fund stays protected. With our team guiding you, you will know that your child’s dreams are backed by solid financial support, leaving you to focus on enjoying life’s moments—without the worry of how to pay for their education later.

Building wealth is only half the story. The real challenge lies in making it last for generations. Family Investment Planning helps you create a strategy that grows your assets and keeps them protected and available for future generations. At Coronation Trustees, we work closely with you to design a personalised investment plan that aligns with your family’s goals. Our expert team carefully guides you through the process, offers advice on investment opportunities, tax-efficient strategies, and ways to shield your wealth from unnecessary risks. It does not matter if it is for your children, grandchildren, or other extended family members; our ultimate goal is to help your family build a legacy that thrives over time. Let us help you create a plan that protects your wealth and keeps it working for your family, so you can rest easy knowing that your hard-earned money will continue to benefit those you care about most.

When it comes to managing valuable assets like fine art, jewellery, private jets, yachts, or exclusive real estate, proper care is key to maintaining and growing their value. Lifestyle Asset Management goes beyond ownership—it is about strategically managing these high-end possessions so they continue to appreciate in value and remain in pristine condition for future generations. We will manage each asset, bearing in mind its uniqueness.

A Power of Attorney (PoA) is an important document that grants someone you trust the authority to make decisions on your behalf. This is particularly useful in situations where you are unable to manage your affairs as a result of illness, injury, or any kind of incapacitation. With a PoA, you may specify what decisions the appointed person can make—be it managing your finances, handling property transactions, or making healthcare decisions. Coronation Trustees will guide you through the process to ensure your Power of Attorney is tailored to your needs.

Halal estate planning is the process of organising how your assets will be distributed after your death in a way that follows Islamic law (Shari'ah). It makes sure your wishes are respected and your estate is handled fairly, without going against your religious beliefs.

The main difference is that Halal estate planning follows Islamic rules. For example, it limits who can inherit and in what proportion, based on the Holy Qur'an. It avoids interest (riba), uncertainty (gharar), and anything considered haram (forbidden in Islam).

Because it helps you protect your family and honour your faith. Without a proper plan, your estate might be shared in ways that go against Islamic teachings or cause disputes among your loved ones.

All lawful (halal) assets, such as cash, properties, business shares, and investments can be included. Anything haram, such as interest-based income or unlawful gains, is excluded.

To a certain extent. Islamic law sets fixed shares for some family members. However, you can gift up to one-third of your estate (called a wasiyyah) to anyone you choose—such as a friend, charity, or someone outside your Islamic heirs.

Your heirs can include your spouse, children, parents, and siblings—depending on who survives you. The Qur'an provides clear guidance on how much each person should receive.

A Wasiyyah is an Islamic will. It allows you to give up to one-third of your estate to non-heirs or causes you care about, like a mosque or charity. The rest must go to your heirs according to Islamic rules.

Yes, but it must follow the Islamic rules on inheritance and avoid forbidden elements. Our experts at Coronation Trustees can help make sure your will is both legally valid and Shari'ah-compliant.

Your estate may be divided by civil law, which might not follow Islamic rules. This can lead to disagreements and may not reflect your values or wishes.

We work with Islamic scholars and legal professionals to help you plan your estate in line with your faith. We offer personalised advice, help you write a Shari'ah-compliant will, and guide your family during the distribution process.

Yes, it is specifically for Muslims who want their estate to be handled according to Islamic law. However, anyone can plan their estate with values that matter to them, and we offer support for all faith-based preferences.

Yes, as long as it is written clearly, does not go against public law, and is executed properly, your Halal will is valid and enforceable in Nigeria.

Estate planning is the process of how you decide what happens to your money and belongings during your lifetime and afterwards.

Your estate includes everything you own—your home, land, money, investments, and personal belongings.

Everyone does! Estate planning is not just for the wealthy or the elderly. It helps you decide how your assets will be handled.

Without an estate plan, the law will determine how your assets are shared. This process, called probate, can be expensive, slow, and public.

It depends on what you own and how you want your assets to be managed. A Will states who should receive your belongings. A trust can provide a smoother way to transfer assets, especially if you own property.

If you pass away without an estate plan (intestate), the law decides who gets your assets. Probate can take years, cost a lot, and reduce what your loved ones receive.

Taxes depend on where you live. If your estate goes through probate, taxes may apply. A Trust can sometimes help reduce or avoid these taxes.

Yes! You can decide how much control you keep based on the type of Trust you create.

Pick someone responsible, experienced, and trustworthy. A good trustee should manage your assets carefully and provide regular updates. You can choose a trusted individual or work with a professional trustee like Coronation Trustees, which offers expert management and long-term stability.

Trustees handle your Trust based on your instructions. They must act in your best interest and protect the assets for your beneficiaries.

Costs vary. Writing a Will depends on how complex your estate is. Setting up a Trust has an initial cost and may include ongoing management fees.