What is a Trust?

A trust is an agreement between the owner of assets and trustees. In terms of this agreement, the trustees agree to that they will administer the trust assets with the necessary care for the benefit of the beneficiaries.It is an efficient and flexible way to ensure that assets are properly looked after and well maintained.

It also ensures that assets are objectively managed and controlled by appointed trustees in the best interests of the beneficiaries.

Minor's Trust - Overview

The Fiji Public Trustee administers trusts on behalf of minors in the following circumstances:

FNPF/Superannuation minor nomination. At the death or demise of an FNPF contributor, funds nominated to minors will be administered under section 35(2) of the Fiji National Provident Fund Act, Cap. 219. These funds are held in trust and administered for the benefit of the minor by the Fiji Public Trustee.

Compensation paid to a minor whereby the court appoints the Fiji Public Trustee as trustee of the trust fund.

When a minor is entitled to receive life insurance proceeds or money from an estate or trust and there is no other guardian of the child’s estate willing or able to act, at the request of a member of the public when it appears appropriate to do so. In Fiji, the legal age of majority is 18. A minor refers to anyone who has not yet turned 18.

Appointment of the Fiji Public Trustee

Trust refers to executors and administrators.

  • Executor refers to wills in whereby the Fiji Public Trustee is appointed as executor.
  • Administrator refers to appointments made by the High Court of Fiji through a court order.

Overall, it is paramount to appoint the right trustee. A trustee is expected to act prudently in the best interest of the beneficiaries and to ensure thereby trust monies will be managed in accordance with legislation moreover stipulation of a trustee act.

Fiji Public Trustee Corporation Limited offers the best trust Administration service in Fiji which is transparent and ensures the satisfaction of our clients.

Trust Services are managed by the Manager Estates & Trusts, a Trust Supervisor and a team of Trust Officers. Their major role in the administration of Trust Funds, including the acceptance, full-settlement full settlement, withdrawal and other legal works required by the Trust in- accordance with the relevant Acts. The Finance section deals with the maintenance of the trust accounts and the investments of the Trust Funds.

Appointment of the Fiji Public Trustee

Trust refers to Executors and Administrators.

  • Executor refers to Wills whereby the Fiji Public Trustee is appointed as Executor.
  • Administrator refers to appointment made by the High Court of Fiji through a court order.

Overall, it is paramount to appoint the right trustee. A Trustee is expected to act prudently for the best interest of the beneficiaries whereby trust monies will be managed in accordance with legislation moreover stipulation of a trustee act.

Fiji Public Trustee Corporation Limited offers the best Trust Administration service in Fiji which is transparent and ensures the satisfaction of our clients.

Trust Services are managed by the Manager Estates & Trust, a Trust Supervisor and a team of Trust Officers. There major role is the administration of Trust Funds, including the acceptance, full-settlement, withdrawal and other legal works required by the Trust in-accordance with the relevant Acts. The Finance section deals with the maintenance of the trust accounts and the investments of the Trust Funds.