Renwick Fiduciary Services provides a comprehensive Trust Administration Service, including the following:
Providing sound advice in the best interest of the beneficiary
Ongoing one on one care of beneficiaries
24-hour line for medical condition related emergencies
Opening an interest-bearing bank account for and on behalf of the trust, manages the bank account and provide Trustees with monthly bank statements
Monitor and attend to trust income and expenditure
Management of beneficiaries’ income and ad hoc requests for the maintenance, education and advancement in life of the beneficiary
Proper decision making
Providing and renewing sureties
Payments to service providers
Drafting of resolutions
Annual Trust Meetings with beneficiaries and trustees. Our team care to listen and we are fluent in multiple official languages so that we can truly understand our beneficiaries’ needs.
Regular meetings with trustees to discuss requests of the beneficiaries
Proper/thorough control measures
Regular meetings with Investment advisors
Purchase of property in the trust
Insurance of assets
Tax Registration Services
Comply with legislation
Renwick Fiduciary Services keeps proper accounting records:
Financial statements, subject to annual audit, are prepared by an independent SAICA accredited accountant & auditor
Registering trusts with SARS and complete and submit all income tax returns since inception of the trust
Independent review of the Trust business and report thereon
Renwick Fiduciary Services provides:
Legal and Fiduciary advice from Trustees to ensure the Trust complies with all legal requirements
Drafting of Trust deeds and lodge deeds with the Master of the High Court
Full range of administering and managing contracts, deeds and other documents relating to trust matters in terms of properly minutes resolutions
Professional FISA Accredited member acting as legal and fiduciary consultant attending Trustee Meetings
Drafting of contracts
Preparation of draft wills for beneficiaries
Renwick Fiduciary Services ensure that the bulk of the capital assets under management is invested with a reputable investment company.
Investment specialists are on hand to provide one on one personal expert investment advice.
Investment specialists conduct an annual review of the investment portfolio and provide Trustees with regular investment statements.