Leezah:
In law, the spouse are first identified first before the kids. Also it is jointly owned even if the woman contributed little or nothing Jointly owned property
If the deceased person owned property with another person or people as 'beneficial joint tenants', the deceased person's share automatically passes to the surviving joint owner(s). Property owned as joint tenants does not form part of a deceased person's estate on death. But the value of the deceased person's share of jointly owned property is included when calculating the value of the estate for Inheritance Tax purposes.

In other cases, where the deceased person owned property with another person or people, the deceased person's share of the property forms part of their estate and is dealt with by the executor under the terms of the will or by the administrator under the law the law of intestacy. Administration of the estate is likely to be complex and seeking independent legal advice is recommended.

My wife has her properties and investments, I have my property and investments. We also have joint investments that are jointly owned by her and myself.

When they are co-owned it automatically goes to the surviving spouse without necessarily having a will

Leezah:
Would increase TB rates hopefully.

Well I wouldn't bank on this. How are we not sure that the FG connived to reduce TB rates considering the fact that 67% of Nigeria's debt comes from domestic borrowing.

Leezah:
This is Africa is no longer a good tune, men with double standard. I have been taken care of myself since I was 19 yrs.

Okay. For me to take you seriously, start by walking up to a random man on the road. "toast" him, take him out on dates, proceed to see his parents, pay his groom price, rent at least a three bedroom apartment, have at least a car, conduct his traditional marriage and wedding. Then take your groom home.

When not co-owned it goes to the woman/spouse.

emmanuelewumi:



My wife has her properties and investments, I have my property and investments. We also have joint investments that are jointly owned by her and myself.

When they are co-owned it automatically goes to the surviving spouse without necessarily having a will

Because Bolaji Johnson has N10 million in his account, you can't say the money automatically belongs to his wife, if their is no will
If Bolaji does not have a will, they will need letter of administration from the court. Bolajis brother, wife and children will all be administrators of the Estate.

But if the account is a joint account. Assuming Bolajis wife is Folake.

The joint account name will be Bolaji Johnson and Folake Johnson. Not Mr and Mrs Bolaji Johnson, because this is not valid in the court.

If bank account is a joint account with the names of both parties, Bolajis wife that is Folake can automatically have access to the fund in the account even though there was no will

Leezah:
When not co-owned it goes to the woman/spouse.

In which country, please?

Leezah:
When not co-owned it goes to the woman/spouse.

It doesn't, have you seen late Gani Fawehimis will?

It is the husband's will that will determine who he wants to be his beneficiaries, he can will his houses to his church, government, society, children, wife.

Mobolaji Bank Anthony will most of his Investments and properties to Lagos State government.


My wife inherited two houses from her father and one from her mother, God forbid if anything happens are trying to say it will belong to me if she doesn't have a Will.


Some men will their personal Properties to their children and nothing to their wives. It is their beliefs that the children will definitely take care of their mothers. We have had cases of women in Lagos who inherited their jointly owned houses at the demise of their husbands, only to marry another man who automatically became the landlords of such houses

IamR:

In which country, please?

She needs to visit the family section of the High Court nearest to her

emmanuelewumi:
...It is the husband's will that will determine who he wants to be his beneficiaries, he can will his houses to his church, government, society, children, wife...

And even to his favourite pet... dog, pussycat, etc

mymadam:


And even to his favourite pet... dog, pussycat, etc

Not in Nigeria.

emmanuelewumi:



It doesn't, have you seen late Gani Fawehimis will?

It is the husband's will that will determine who he wants to be his beneficiaries, he can will his houses to his church, government, society, children, wife.

Mobolaji Bank Anthony will most of his Investments and properties to Lagos State government.


My wife inherited two houses from her father and one from her mother, God forbid if anything happens are trying to say it will belong to me if she doesn't have a Will.


Some men will their personal Properties to their children and nothing to their wives. It is their beliefs that the children will definitely take care of their mothers. We have had cases of women in Lagos who inherited their jointly owned houses at the demise of their husbands, only to marry another man who automatically became the landlords of such houses

Yes.

My advice to women is that try to make your own money, get married to a man that sees you as a partner. Whenever you want to have important project like buying of a property make sure you make your own little contribution to the project and make sure your name is included in the title documents of the property.

To the young men, if your wife is a full time house wife try and set up a business for her. This will put her in a better position if something happens to you. Donald Trump is the most powerful man in the world today, but his wife is not a full time house wife, she also make her own money.

Leezah:
This is Africa is no longer a good tune, men with double standard. I have been taken care of myself since I was 19 yrs.

how, if i may ask?

Akin3891:



Disable your atm card and online transfer features on your main account which you have your savings on, it's advisable not to link any debit card with your saving accounts. No link at all to my savings, except you cut my head to the bank to withdraw, hence if any kobo miss in my acc, I hold my bank responsible.

I don't have ATM link to my main account to avoid stories that touch.

Elders please.
Before TB picks up I want to convert my Cash to dollars in case naira falls. Please what are the disadvantages and how do I go about getting it.

I guess your wife's parent already trained her to be an investor. In your experience, what is the ratio of the following in investment/ AGm and other commerce evens you attend:
Youths (below 35): Older (<60): Seniors
Ladies:men
Single ladies: Single men
Single men: Married men
Single ladies: Married ladies

I know it will be a wide guess since you are not using accurate data, but what would your estimation be?

emmanuelewumi:



My wife has her properties and investments, I have my property and investments. We also have joint investments that are jointly owned by her and myself.

When they are co-owned it automatically goes to the surviving spouse without necessarily having a will

The only disadvantage I can think of is timing. If you go and buy when it has already peaked then you could have your hands burnt. Same thing happened to some people in 2016

iamloyalty:
Elders please.
Before TB picks up I want to convert my Cash to dollars in case naira falls. Please what are the disadvantages and how do I go about getting it.

iamloyalty:


I don't have ATM link to my main account to avoid stories that touch.

Fine, you've done well. We live by experience, I was with my babe in a cinema, her bag was stolen in the dark hall with her phone , atm card n other valuables in it, before we leave the mall, debit alerts kept rolling in. She has her atm card but didn't set up transfer features on her phone , so the motherfucer thief simply set up transfer features using her phone sim and debit card ,then go on shopping spree. Having checked her email on my phone we saw multiples debit, she was able to disable the card with the help of customer care. It's better you don't have the card at all, than believing it's safe because you hide it under your bed.

Akin3891:


Fine, you've done well. We live by experience, I was with my babe in a cinema, her bag was stolen in the dark hall with her phone , atm card n other valuables in it, before we leave the mall, debit alerts kept rolling in. She has her atm card but didn't set up transfer features on her phone , so the motherfucer thief simply set up transfer features using her phone sim and debit card ,then go on shopping spree. Having checked her email on my phone we saw multiples debit, she was able to disable the card with the help of customer care. It's better you don't have the card at all, than believing it's safe because you hide it under your bed.

We are really learning everyday. I will have to stop renewal or disable the card which i don't even make use of but my challenge now is the internet linked for investment purpose.
Thank you sir

The MarketForces Africa
Home News
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United Capital To Raise ₦20 billion Unsecured Bond

How can they set up transfer feature on their phone without the pin? Or you mean he was buying from international sites? So some of the snatchers are not random thieves looking for just valuables?

Akin3891:


Fine, you've done well. We live by experience, I was with my babe in a cinema, her bag was stolen in the dark hall with her phone , atm card n other valuables in it, before we leave the mall, debit alerts kept rolling in. She has her atm card but didn't set up transfer features on her phone , so the motherfucer thief simply set up transfer features using her phone sim and debit card ,then go on shopping spree. Having checked her email on my phone we saw multiples debit, she was able to disable the card with the help of customer care. It's better you don't have the card at all, than believing it's safe because you hide it under your bed.

ahiboilandgas:






The MarketForces Africa
Home News
News
United Capital To Raise ₦20 billion Unsecured Bond

Minimum investment of N10 million, durations 5 years and 7 years.
Coupon 12% and 13%.

Every body has seen the idle BILLION chasing poor t.b rates held by risk averse people...now smart people are placing bonds slightly above tb rates to suck of the cheap bonds ....fmn ,NB ,Lagos State,dangote ,now united capital...i hope the funds will be used well sha ....it remains me of 2008 ....every firm was selling ipo ...even dead Ait .....i hope all this private sector bonds got security

emmanuelewumi:



Minimum investment of N10 million, durations 5 years and 7 years.
Coupon 12% and 13%.

nice how secured is it?

https://www.nairaland.com/5839954/fg-extends-flight-ban-four#89257204
Dollar isn't coming down anytime soon and price has gone up again today.
CBN just threatened speculators last week for some kind of experiment apparently and funny enough even at that,the naira didn't appreciate substantially upon the panic that it caused.
It's like there is no remedy for naira till oil goes up,perhaps next year.
That 385 parallel rate they talk about might not happen anytime soon.

ahiboilandgas:
nice how secured is it?

It's an unsecured bond.

Meaning if there is a default, the bond holder looses completely and cannot even fight it. You can see from the rates, the riskier the more. But if the wind heads south, you are on your own

ahiboilandgas:
nice how secured is it?

I have not heard of any corporate bond that failed in the last 15 years, the worst case scenario is for the company to pay back before the stipulated duration.

United Capital is the only listed Investment Banking firm in the country

unite4real:


It's an unsecured bond.

Meaning if there is a default, the bond holder looses completely and cannot even fight it. You can see from the rates, the riskier the more. But if the wind heads south, you are on your own

Not secured or guaranteed for you to earn the coupon for 5 to 7 years , you may be paid off within a year or two.

Similar thing happened with the unsecured dollar denominated bonds of all the banks , First Bank, Fidelity, Access etc. They all liquidated their dollar denominated corporate bonds before the stipulated period, two months after Naira was devalued

unite4real:


It's an unsecured bond.

Meaning if there is a default, the bond holder looses completely and cannot even fight it. You can see from the rates, the riskier the more. But if the wind heads south, you are on your own

it better make i construct Apartments ...i dont trust nigerian firms

FG bond is secured, 30 years bond of FG will run for 30 years. The bonds won't be called off midway

emmanuelewumi:



Not secured or guaranteed for you to earn the coupon for 5 to 7 years , you may be paid off within a year or two.

Similar thing happened with the unsecured dollar denominated bonds of all the banks , First Bank, Fidelity, Access etc. They all liquidated their dollar denominated corporate bonds before the stipulated period, two months after Naira was devalued

ok but capital is secured ?

What to understand what not secured .....na duration or na capital or na rate