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Young lady wearing a headscarf and a colorful dress sitting at a table and writing in a book. She is smiling knowing her estate administration will be handled professionally.

Estate Administration

We provide Estate Administration 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 could be stressful. We'll provide you with a legal profesional that will take you through the legal process and ensure the matter is attended to by a specialist estate administrator, who will be in constant communication.

  • We will attend to the administration of the deceased estate in a professional manner as required by law.
  • We act as an executor or executor’s agent of the deceased’s estate.

Deceased Estate explained

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. 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.

Close-up of a financial adviser getting ready to see his client; fixing his tie, wearing a dark suit, a white shirt and a brown leather strap watch.

Role of an executor

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 executors or executor’s agents.

Our services include:

Send a legal professional to the first meeting to read the Will and explain the content to the heirs and business partners in need.
Explain the process, timeframes and how the various assets in the estate are dealt with as not all assets can be dealt with by the executor solely.
Collect all relevant information and documentation to report the matter to the Master of the High Court to obtain Letters of Executorshipas soon as possible.
Ensure compliance with all legal, accounting and taxation frameworks.
Ensure the business interests are manged as needed.
Completion and submission of the deceased person’s income tax both up to date of death and post death.
Identify, trace and validate all assets and liabilities in the estate (local and international).
Settle the estate debt and claims in favour of or against the estate.
Once in a legal position to do so, distribute the estate by transferring assets, paying legacies and the residue as per the approved estate account.
Obtain final clearance from SARS and the Master of the High Court.

Time to talk to a
financial adviser?

Let our financial advisers help you reach your estate planning goals.

Email us at: momentumtrust@momentum.co.za

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