Clench Fraud Minor Members Trust:

• Minors Trust Distribution Application Forms
• Frequently Asked Questions

In accordance to section 6.11 of the trust agreement, this will confirm that monies, for the minor’s who have not yet received their distribution payment are being kept in a separate fund and is prudently and conservatively invested.  The trustees would like to ensure all parents that your child’s money is set aside and will be available when they qualify to receive their funds.

The $1,500 plus accumulated interest shall be paid to that member:

1. If he/she has graduated from high school, on his 18th birthday;
2. If he/she has not graduated from high school, on his 21st birthday; and
3. If he/she graduates from high school after his 18th birthday but before his 21st birthday,  on the day of his graduation from high school.

Once eligible to receive your “minor” distribution payment you need to:

1. Complete the Minors Trust Distribution payment request form;
2. Complete the Minor Distribution payment direction form;
3. Provide a copy of the front and back of your status card;
4. Provide a copy of your highschool diploma (if applicable);

You can fax to (519)264-2628 or drop if off at the Clench Fraud Trust office (641 Jubilee Rd)

Once all the required information is received, the Clench Fraud Trust General Manager will verify the information provided and will be in contact with you should there be information missing.  If not, a payment authorization will be prepared, signed off and sent to the trust custodian – TD Waterhouse Group. A cheque will be issued from TD Waterhouse's head office in Toronto, or a direct deposit will be made within 72 hours.

Payments by cheque:

If you request a cheque to be issued, the cheque will be mailed directly to the address indicated.  If not, the cheque will be mailed directly to the Clench Fraud Trust office. Once received at the Clench Fraud Trust office, you will be contacted by phone and you must advise us on whether or not you want us to mail to you or if you will pick it up in person.

Payments by direct deposit:

If you request a direct deposit, the distribution payment will be deposited directly into your account. You must indicate on your initial request that you would like it to be deposited directly into your account and you must submit your correct banking information.  Please note that we cannot deposit into anyone else’s account other than your own.

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