ALM EDUCATION TRUST -A.E.T.
A sound education would provide our children with the confidence and hope of a bright future, and ALM Trustees offers parents and guardians, the opportunity to provide this legacy to their children.
FEATURES OF THE AET.
This Trust enables the Settlor to set aside funds to be managed by the Trustee strictly for the education of his/her children, grandchildren or wards (Beneficiaries).
It helps the Settlor have concrete plans towards their children's education, providing for circumstances wherein they are unavailable or incapable of paying the school fees. During such times, the Trust takes over payment of such fees as long as the Trust is funded.
BENEFITS OF THE AET.
The accumulated funds are invested on behalf of the beneficiaries and disbursed in line with the Settlor’s instructions.
It affords the Settlor the opportunity to make regular contributions into the Trust as desired.
It separates the funds required specifically for the children’s educational needs from the Settlor’s personal estate and is therefore inaccessible to Probate or Creditors.
A Trust Deed setting out the objectives of the Trust shall be duly executed by parties and stamped.
Access to online account and ability to monitor client’s Trust account with ALM Trustees.