The Guardian’s Fund was created to receive and manage money on behalf of persons who are legally incapable or do nor have the capacity to manage their own affairs. This includes minors, unborn heirs, and missing or absent persons. The money in the Guardian's Fund is invested with the Public Investment Commission and audited annually. The High Court appoints a guardian, who can then claim maintenance for the person whose money is held in the fund.
The Master of the High Court may pay all accrued interest, as well as up to R100 000 from the invested capital, for maintenance, like school and university fees, clothes, medical fees, boarding and lodging and any other needs that can be motivated.
Currently the Guardian’s Fund is being administrated by six Master’s Offices - Cape Town, Pretoria, Bloemfontein, Kimberley, Pietermaritzburg and Grahamstown. You can also lodge your completed application forms at any MOVIT site.
You can find more FAQs for the Guardian's Fund on the website of the Department of Justice and Constitutional Development.
