Professional management of assets for individuals who are unable to manage their own affairs due to incapacity or disability.
What are these Trusts?
These are “trusts” where a curator bonis is appointed to manage the finances, property or estate of a patient who is unable to do so. The reason for the patient’s inability could stem from physical or mental incapacity. Curator ad litem and a Curator ad personam play a critical role in the process.
Administration
- Professional trust administration and experienced trustees.
- A dedicated full-time specialist trust administrator.
- A dedicated full-time Case Manager and Occupational Therapist.
- We are leveraging technology to provide 24-hour access to a trustee/administrator.
- Short turnaround periods on requests and payments (same-day to 48-hour timelines).
- Flexible approach towards maintenance and needs of the clients based on annual reviews of financial and medical needs.
- Audited annual financial statements
- Distribution of financial statements on an ad-hoc, monthly, quarterly and annual basis.
- All disbursements are done with the consent of the Master of the High Court.
Financial and Investment Management
- There is limited investment discretion as the Master prescribes or approves acceptable options.
Fees
| Current fees are regulated at 6% of the annual income of the value of the trust and 2% of the assets under administration at termination. | Fees are prescribed in the court order, and Thollon prefers to take on administration where fees are proportional to the amount of work. |