Deceased Estate Services

When a loved one passes away, it can be a confusing and overwhelming time as you try to process the shock, pain and grief of losing someone you love.

Then there’s the matter of the estate.

As the breadwinner of the family, you need to ask yourself:

  • Are my estate affairs in order?
  • How much will it cost when I die?
  • Will my appointed executor know what to do?

So many people don’t know what to do when it comes to deceased estates, which is to be expected. I’ve encountered people who become like deer in headlights when they have to answer pivotal questions:

  • How do I execute an estate?
  • How much will it cost?
  • What do I need to do next?

That’s where we come in.

Our deceased estate service consists of two components:

  • Getting your affairs in order and estate liquidity assessment prior to death
  • Assisting the executor to wrap up the estate at death
  1. Getting your affairs in order 

    First, I do an estate liquidity assessment to determine how much money will be available for the executor to make sure that all SARS requirements are met.Remember that as of 21 February 2018, the estate duty rate has increased from 20% to 25% on estates of more than R30 million. You want to make sure that there will be enough cash flow in your estate to pay the duties, capital gains tax and executors fees.

    To make this calculation, I review the relevant policy documents and assets, and then I recommend the actions you need to take to make sure there’s enough cash flow when you die. I also help our clients prepare an estate file with all the information and instructions that the executor will need to wrap up the estate. This file contains all the relevant documents (for example a will, beneficiary details, a list of assets, etc).

  2. Helping your family wrap up the estate 

    Second, when the client has died, I work with the executor to wrap up the estate, using my technical expertise to guide him/her through the process.

    I am accredited at FISA (the Fiduciary Institute of Southern Africa) and I am qualified to assist in the administration of deceased estates. My aim is to help wrap up your affairs as fast and efficiently as possible. I do this by working closely with appointed executors of deceased estates to make sure that correct procedure is followed and that liquidation and distribution accounts are submitted to the Master of the High Court.

    Contact me to find out more.