Testamentary

Success with RAF payouts to Fairheads Legacy Trust

Fairheads’ umbrella trust product, The Fairheads Legacy Trust, is gaining traction, particularly among lawyers, as a solution for the trusteeship and administration of lump sums paid out by various means including testamentary provision, medical malpractice claims or – in this case – the Road Accident Fund (RAF). Case study one Sibusiso Dlamini, key accounts consultant in Fairheads’ Durban office, received …

paying a claim

To preserve or erode: The case for beneficiary funds

December 2015 By David Hurford, Director Marketing and Consulting, Fairheads Benefit Services To preserve or erode: The case for beneficiary funds I am often challenged in trustee report back meetings about the rate of capital growth on beneficiary funds, and more specifically why the benefit in the fund has not grown as much as is expected. My response is always …

beneficiary fund example

Beneficiary funds – stretching benefits

The graph illustrates an example of a member, aged five years at inception, with an original capital investment of R100 000. The funds are invested according to the board approved asset allocation model and payments from the fund include: Regular income payments to the guardian until the child reaches the age of majority Annual capital payments for education related expenses …