Our dedicated team can assist you with the registrationof a new inter vivos Trust or an amendment thereto, or registration of a Testamentary Trust. An inter vivos Trust is a trust which is registered whilst the founder of that trust, is still alive, by entering into an agreement with the Trustees, to hold assets on behalf of, and to the benefit of the beneficiaries of the trust. Examples of such trust is a family trust or business trust. A Testamentary Trust is a special type of trust that is only created and registered when a person passes away, and in his or her Will have indicated that assets must be kept in a Testamentary Trust, on behalf of a beneficiary. This is normally done when the deceased person wishes for a special needs child to be taken care of, or where a child is named as the beneficiary, but because that child is still minor, the assets must be kept in the name of the Testamentary Trust, until the child reaches a specific age, for example at the age of 21, 25 or 30.
Who we are, and why use HERITAGE ESTATE ADMINISTRATORS to administer a deceased estate?
Our office is only 400 meters away from the office of the Master of the High Court, Polokwane (Limpopo Province) and within walking distance to the Master’s office. Queries are made personally by us and not via a third person or other contracted company.
We are specialists in the administration of deceased estates. Our dedicated team consists of, amongst others, an admitted advocate who has specialized in the fiduciary industry for more than 16 years and a retired Head, at one of the offices of the Master of the High Court, who also has experience in the administration of deceased and insolvent estates as well as trust services, for more than 20 years. The company’s director is qualified and a registered Fiduciary Practitioner of South Africa ® (FPSA®) who holds membership at the Fiduciary Instate of South Africa (FISA). We subscribe to the code of conduct for fiduciary practitioners and are committed to upholding the highest standard of integrity and dignity whilst attending to your matter. At Heritage Estate Administrators, we understand the process and legislative framework between the Will’sAct and Intestate Succession Act, your assets and liabilities, and how they 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, during the process of administering the deceased estate.
To make the administration process as simple as possible, we continuously endeavor to improve solutions for interactions with a variety of organisations that are involved, including SARS, the Magistrate, the Master of the High Court, and financial institutions.
Our executors keep beneficiaries, creditors, debtors, and other interested parties fully informed of the status of an estate through routine communication channels. We take pride in the fact that we always complete non-complex estates within the allotted six months period. An estate is non-complex if there are no issues with available cash, all of the heirs are majors, the assets are local, and there are no other legal, tax, or company accounting complications that might cause the process to take longer.