Monthly Archives: March 2018

Q & A

Hello Shade,

My wife has been pestering me on this matter of Wills and I finally see reason with her. She has contacted our family lawyer, she wants us to combine assets and write a joint Will. The problem is I have assets she does not know about which I would like my siblings to inherit, since our children will be well catered for.

My siblings and my wife don’t get along too well and she’s not likely to welcome the idea of willing anything to them. I’m worried. Is there a way to bequest these assets without listing them? Does every asset have to be stated categorically in the Will? Is a joint Will even possible or advisable?

Roland, from Port Harcourt

Hello Roland,

Let me start by commending your wife’s futuristic attitude. You should appreciate her for insisting that you protect your assets in a Will. She wants the best for you and your children. You have raised a number of issues, I will attempt to tackle them one at a time.

First, a joint Will is one which is co-signed by two or more persons (usually a married couple), which combines their individual wishes. It may also be appropriate in a situation where you and your spouse own most of your assets jointly.

Is there a way to bequest these assets without listing them?
There are other ways of transferring assets without using a Will. A Trust may be used. A trust is an arrangement where an individual transfers what he owns to an independent person or entity for the benefit of identified persons or entities.

You can establish a Trust and transfer the assets you wish to transfer to your siblings to the Trust. You may name yourself and your siblings as the beneficiaries of the Trust and instruct that the assets in the Trust be transferred to your siblings by the Trustee upon your demise. Once those assets are in a Trust, there is no need to reflect them in your Will. A corporate Trustee such as ARM Trustees Limited can act as Trustee to the Trust and provide you with guidance on establishing it.

You may also consider gifting those assets to your siblings now so that they assume ownership immediately. This might not be an attractive option as you would immediately lose control of any such assets that you gift.

Does every asset have to be stated categorically in the Will?
Where another estate plan (such as a Trust) exists together with a Will, it is not necessary to mention the Trust assets in the Will because those assets and the beneficiaries are already catered for under the Trust.

There are other assets such as Life Insurance which you need not include in a Will as your beneficiaries would have been named in the policy document already.

Is a joint Will even possible or advisable?
Joint Wills are seldom used nowadays because of their likelihood of creating future problems. One of the biggest potential problems is that the surviving spouse would be unable to change the terms of the Will regardless of changes in situations after the death of his or her spouse. A typical example could be the inability of a surviving spouse to leave some of the assets of a Joint Will to his or her stepchild after remarriage.

Whatever option you choose eventually, writing a Will is not negotiable, especially with existing undertones of disagreement between your spouse and extended family. The assurance that everyone will be well catered for should the unexpected occur will give you unrivalled peace.

About Sade
Folashade has a wealth of experience in legal structuring, capital markets, and financing transactions. Her expertise also spans Private Trust, and other succession/estate planning alternatives.

Culled –


Lord I am thankful to u oh. R.J was in feb and dis is 27th March. Thanks for seeing me thru and not passing me thru ribavirin, despite it all. That drug you shouldn’t take in and shouldn’t impregnate anyone until after 6months. And the mumu pub health peeps didn’t know that and didn’t inform people. The Lord is our strength oh.
Also learnt my frontee in secondary school had the illness, you can imagine. Na prayer warrior na, serious lover of God n and I know God loves her. If notn I wonder what would have happened just go like that, because you are the mother of medicine.

Been longing to do a post on Lassa. So it was my first meet. Came with a history of neck stiffness and loss of consciousness. We started with antibiotics thinking meningitis. Then came the unstoppable Diarrhea, they don’t slEep at night, we started cipro. Later diagnosed sepsis. I unfortunately moved to the ward. God is too merciful towards me.
Then the drama. Purpuria and conjuctiva hemorrhage. Me I kept wandering why. Didn’t work on friday, came to her the diagnosis, and badly the consultant underplayed it and resisted the sample being taken to ekpoma. If not for her doggedness, only for it to be positive. Omo, na so our crises start. Me I didn’t want to not get preggus, so I held onto not taking it.

So lassa musnt present with bleeding from orifices, and can even be asymptomatic. Some just have cough. But God is too good, and has been kind to His own. All praises be unto him.

Baba, I dey use style wait that seed sowing, and biko give me d grace to go with this lent fervently. I have not been faithful.
Save me from spiritual anhedonia biko.

Prophet Habakkuk

We don’t know much about the prophet Habakkuk. Not even his father, tribe, or hometown is provided. Yet he is believed to be a temple musician-prophet because he had his own stringed instruments (see Habakkuk 3:19). He was likely a contemporary of the prophets Nahum, Zephaniah, and Jeremiah. He prophesied in a period of violence and political chaos that began in the context of Assyria’s upheaval, continued during the Babylonian victory over Jerusalem (597 bc), and ended in Babylon’s fall to the Persians (539 bc).

He would have felt the impact of the death of good King Josiah, who had brought Judah back to God for a short time. Before and after Josiah’s reign, Judah had turned away from God and been characterized by moral and spiritual decay that included the worship of other gods. No wonder Habakkuk was in despair! In his little book he questions (complains to) God out of his burdened heart, and God answers. In the end, the prophet has a deeper understanding of God’s justice.

Bible Truths

Isaiah 43:18-19 [NLT] “But forget all that — it is nothing compared to what I am going to do. For I am about to do something new. See, I have already begun! Do you not see it. I will make a pathway through the wilderness. I will create rivers in the wasteland.”  We don’t know how cute God’s words are!