Trustee: A person given control or powers of administration of assets in a trust with a legal obligation to administer it solely for the purposes specified.
A Trustee Bond is generally needed for Settlement Trusts which are set up to manage the assets of an injured person following a large Court Ordered Award.
Rodel Risk Solutions work closely with the majority of attorneys specialising in delict law in South Africa as well as the Chartered Financial Planners, Accountants and other legal administrators who assist these attorneys.
Our approach has given us insight into our clients’ needs and we have created a unique approach which assists with the set up of Trusts.
The Rate for a Trustee Bond is 0.6% of the Bond Amount, plus VAT per annum.
Rodel Risk Solutions‘ average turnaround time for Trustee Bonds is 3 days.
Rodel Risk Solutions (Pty) Ltd is a Juristic Rep of Surety Solutions (Pty) Ltd FSP No. 1062