Specialized administration of trusts for beneficiaries receiving compensation from road accident claims, ensuring financial protection, stability and care.
What is these Trusts?
These trusts are established through a court order or voluntary agreement (settlement). Thollon Fiduciary manages them for the benefit of individuals who got injured in a road accident. Funds under administration become available because of an action in terms of the Road Accident Fund Act No. 56 of 1996 for compensation for injuries sustained.
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.
- Management of the Section 17(4) Undertaking.
Financial and Investment Management
- Annual financial and medical needs reviews are done on each trust to ensure customized investment solutions.
- Independent, reputable investment managers, fund managers and financial advisors are appointed.
- Tailor-made financial solutions suitable for the unique needs of each beneficiary to prevent the untimely depletion of trust funds.
Fees
| Acceptance Fees | Drafting Fees | Management Fees | Termination and Distribution Fees |
| 0.75% | R5000 | 1% | 2% |