We provide deceased Estate Administration in South Africa as part of our Momentum Trust services. We attend to the winding-up of the deceased’s estate in accordance with the deceased’s Will or in terms of an Intestate Succession and all the applicable legislation.
We understand that the loss of a loved one is traumatic and the process of winding-up their estate can be very stressful. We'll help you through this difficult time by lessening the burden of dealing with the legal process. Our specialist estate administrator will be in constant communication with you to ensure a smooth transaction from start to finish.
- We will attend to the administration of the deceased estate in a professional manner as required by South African law.
- We act as an executor or executor’s agent of the deceased’s estate.
What is a Deceased Estate?
A deceased estate refers to the money and/or property that an individual leaves behind when they die. An estate must then be administered and distributed in terms of the deceased’s Will or the Intestate Succession Act. An executor of the estate is nominated in the Will and then appointed by the Master of the High Court to do this. If there is no Will in place, we can also help you. The process of estate administration is often lengthy and complex because all debtors, creditors and beneficiaries must be established and reflected in the estate accounts which must be approved by the Master of the High Court.
Why use Momentum Trust to administer a deceased estate?
We are specialists in the administration of deceased estates. We understand the process and legislated framework between the Will or Intestate Succession and your assets and liabilities, and how the above are interrelated. We also work with the deceased's heirs and business partners to identify and resolve, as soon as possible, those unintended consequences that can arise.
We continually work on improving solutions for interactions with many institutions that are involved in the administration process, from SARS, to the Magistrate, to the Master of the High Court and financial institutions to make the process as uncomplicated as possible.
Our executors use regular communication channels to make sure beneficiaries, creditors, debtors and other stakeholders which are part of an estate are kept fully informed of the progress. We are proud of the fact that we have a 100% record in finalising all non-complex estates within nine months. A non-complex estate is one where there are no liquidity problems all heirs are identified, are majors, the assets are local, and there are no other legal, tax or business accounting issues that will delay the matter.
Role of an executor of estate in South Africa
Only an executor whose appointment has been confirmed by the Master of the High Court may deal with the assets and liabilities of a deceased’s estate. At Momentum Trust we accept appointments as deceased estate executors or executor’s agents.