This product enables client to set aside either a lump sum amount or periodic contributions over time to provide for the education of the named beneficiary. The standard, level of education are determined by the client, subject to adequacy of funds in the Trust account.
The client is at liberty to make this Trust revocable or irrevocable. In other words, the client may guarantee the education of the beneficiary by precluding itself or any future guardian from terminating the Trust or withdrawing the funds.
The attractive features of this product include but are not limited to:
Client will have the option of fixed periodic contribution through a Standing Payment order from his/her Bank Account
Periodic performance reports will be provided at client’s request.
Client or the named Guardian is free to choose the educational institution subject to adequacy of funds in the Trust.
School fees to be paid directly to schools by the Trustees to prevent diversion of funds.
Education will be uninterrupted even in your absence, or after death, provided Trust provision is adequate.
The Trustees can guide on adequacy of funding towards achieving uninterrupted education in case of any unexpected.
There is option of lump sum or flexible contributions over time.
The funds will be professionally managed to achieve safety and attractive returns.
Community Education Trust Fund
It has been discovered that some members of our immediate community cannot afford basic education mostly due to lack of finance. Also within the same community there are people who are willing to provide education to such indigent members of the society. In order to provide for the indigent. The wealthy members of the community can set up community Education Trust Fund.