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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 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.

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 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.

Our Estate
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.

Estate Provider Benefit

Covers the costs and fees associated with winding up your estate.

As part of your holistic financial planning you can provide an amount to make sure the winding up of your estate is done by a professional, and that there is enough liquidity in your estate to cover any costs and fees. Momentum’s Estate Provider Benefitgives you and your family peace of mind that your estate will be taken care of professionally and that there will be enough money available in your estate to cover all costs and fees.

What you'll get:

Signed insurance forms and a pen for the client to use.

A professionally drafted Will that we will keep in safe custody.

Red and white wallet

An instant cash amount paid to your nominee within one working day after Momentum receives the death claim.

Red and white cogwheels

The Executor’s Fee Benefit - covers 100% of your executor’s fees on estates with a gross value up to R10 million and a 50% discount on the amount over
R10 million.

A red and white rocket justice scale

The Professional Fee Benefit - after settling 100% of the executor fees the remaining balance will be used to pay for other associated fees and administration costs.

A red and white monitor

A top-up for your estate - any amount that is left after settling all of the admin costs and professional fees, gets paid back into your estate without executor fees.

Red and white tombstone

A death benefit worth R300 000 to
R2,5 million offered in conjunction with Momentum Myriad.

Time to talk to a
financial adviser?

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

Email us at: [email protected]

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