Estate cost cover
Death comes at a heavy cost. Without estate cost cover, your loved ones could face death costs, legal fees and other expenses relating to your estate. The Momentum Estate Plan covers these at an affordable monthly premium.
- Covers executor fees charged during deceased estate administration.
- Settles death taxes.
- Covers other expenses such as professional fees, conveyancing and Trust fees.
Calculate the cost of dying with our estate duty calculator and get an estate cost cover quote with the Momentum Estate Plan.
What are the financial costs of dying in
South Africa?
Many South Africans aren’t financially prepared for the legal fees, taxes, and administrative expenses that come with dying. Without a financial plan, these costs can significantly reduce the value of your estate and the legacy you leave behind for your loved ones.
Here are some of the fees to consider when taking out
estate cost cover:
- Executor fees: Standard fee charged to administer and finalise your estate.
- Conveyancing fees: Paid when transferring property through a conveyancing attorney.
- Clearance fees: Prepaid municipal rates (up to 6 months) required for a clearance certificate to transfer property.
- Testamentary Trust fees: Charged for managing a Trust set up in your Will, often for minor children.
- Master's fees: Paid to the Master of the High Court for overseeing estate administration.
- Legal and correspondence fees: Related to communications with the Master of the High Court.
- Advertising costs: Required notices in a local newspaper and the Government Gazette.
- Immediate expenses: Funeral-related costs like catering, transport, or travel.
- Tax obligations: Settling outstanding taxes with SARS before distributing the estate, such as capital gains and estate duty taxes.
Why choose the Momentum Estate Plan?
Beyond estate cost cover, the Momentum Estate Plan offers a complete estate planning solution that secures your legacy and protects your loved ones - turning complex planning into a simple, stress-free process. Speak to a Momentum consultant to plan your estate today.
World-class Will drafting services
Get your Will professionally drafted by a Momentum consultant, printed and signed at your nearest PostNet branch, and couriered to us for safekeeping - all free!
Built-in estate cost cover
Get instant cover* to protect your estate from death taxes, costs and Trust fees, plus a Family Cash payout for unexpected needs.
*Applies to personal estates valued between R1 million and R20 million.
Access to Trust and estate expertise
Access our expert Trust administration and executor services, supported by an experienced team dedicated to managing your estate efficiently and giving your loved ones peace of mind.