This is the fee charged by the Trustees to administer the Testamentary Trust that you create in terms of your Will, normally to look after the money you leave to your children. Not doing a trust for minor children will mean their inheritances go to the government guardian fund.
On average, 1.14% is charged initially on the NET Trust assets and 1.60% is charged each year on these assets
how it works...
The total cost to a Testamentary Trust with R 1 500 000.00 in assets over 15 years is R 367 000.00
- Negotiate the fees with your Executors and Trustees.
- Let your family pay for the fees with their inheritance or life cover.
Use the Legacy Protection PlanTM to provide for ALL the fees and which also pays an immediate cash amount within 48 hours
Appointing a friend or family member is ideal for the purpose of managing your child or children’s money. You do however need the services of an accountable and reputable trust-services provider, to ensure the necessary work is carried out at the highest standards, with guarantees.
Conveyance Attorney Fees
This is the fee charged the transferring attorney when property needs to be inherited.
The attorney charges according to the tariff as provided for by the S.A. Law Society, effectively as a percentage of the value of the property(ies) being conveyed
how it works...
A home worth R 1 850 000.00 will cost R 16 750.00 in fees to the estate
Let your family pay for the fees with their inheritance or life cover
Use the Legacy Protection PlanTM to provide for ALL the fees and which also pays an immediate cash amount within 48 hours.
You cannot avoid this fee if you have property that needs to be inherited. Yes, it can be negotiated now while you are alive but chances of this agreement being upheld upon your death is unlikely.
If after reading through this, you feel you need assistance with your fees upon death or your Will itself, then please contact us at [insert hyperlink email address].