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Estate planning with Estate Provider Benefit

We don't like to think about death, so often, we don't plan for it. If you want to ensure your loved ones are taken care of after your death, it's advisable to have a Will and estate plan in place to ensure your affairs are settled the way you want. Preparing by having Estate Provider Benefit in place ensures there will be enough money in your estate to cover the costs and fees to wind up your estate.

  • Settles professional and executor fees charged with winding up an estate.
  • Ensures there's enough cash in your estate to pay SARS what is owing.
  • Ensures there's enough cash to settle administration fees.
A woman's hands are holding a calculator whereby she's calculating the cost to wind up her estate.

Estate Provider Calculator

Calculate the costs to wind up your estate

Our Estate Provider Benefit calculator can help you calculate any cash shortfalls in your estate so that your family or beneficiaries aren't left with the financial burden of paying for taxes, debt and administration costs after your death.

The cost of winding up an estate in South Africa

With the heartache of death also comes additional burdens in the form of legal fees and expenses, which must be taken care of by your loved ones when you pass away.

Understanding these legal fees and expenses can help you prepare for them to ensure these costs are covered, and the burden on your loved ones is eased.

Here's some of the fees your family will need to cover when you pass away:

  • Executor fees: This is the industry-standard fee charged by the executor to wind up your estate.
  • Conveyancing attorney fees: The fee charged by the conveyancing attorney when property needs to be transferred.
  • Clearance fees: One of the requirements to transfer property is to obtain a clearance certificate from the city council or municipality. This will only be issued if the rates and taxes are paid in advance. Some areas require up to 6 months paid in advance.
  • Testamentary trust fees: The fee charged by the trustees to administer the trust you create in terms of your Will, usually to look after the money you leave to your minor children.
  • Master fees: The fee paid to the Master of the High Court regarding fulfilling their role in your estate's administration.
  • Correspondence fees: Fees associated with corresponding with the Master of the High Court.
  • Advertisement costs: Two advertisements must be placed in a local newspaper and the Government Gazette. Costs will vary depending on the publication selected.
  • Other immediate expenses: Costs associated with arranging a funeral like catering, travel, or other expenses.
  • Tax: One of the executor's first jobs is to ensure that SARS is paid what is owed to them.

What is the Estate Provider Benefit?

It is an estate plan ensuring there's enough money in your estate to help settle debt and professional and administrative fees charged during the administration process.

What you’ll get

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A professionally drafted Will

Momentum Trust will keep this in safe custody for you.

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An instant cash amount

Paid to your nominee within 1 working day after Momentum receives the death claim.

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Professional fee benefit

After settling 100% of the executor fees, the remaining money will be used to pay for other associated fees and administration costs.

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A death benefit worth R300 000 or more

Offered in conjunction with Momentum life insurance.

Contact Momentum Trust

Speak to a financial adviser about your estate planning needs and the legacy you want to leave.

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