We are proud to announce that we have launched a new division from 1 March 2025 called Centric Trust Services.
Centric Trust Services aims to provide a fair and transparent approach to its pricing model where we charge for the time spent on an estate and not as a percentage of assets where an executor will typically charge 3.5% plus VAT on total assets in the estate and 6% plus VAT on income accrued and collected after death of the deceased.
Mandy Hochfelden, our Fiduciary Manager, has more than 35 years of experience in the financial services industry, including 12 years specializing in trust, wills, and estate administration. Her extensive knowledge and experience have greatly enhanced our client relationships and customer service.
Centric Trust Service offers the following:
Trust services:
• Registering of inter-vivos discretionary trusts and testamentary trusts via a valid will.
• Deregistration of trusts.
• Amendments to trust deeds / beneficiaries.
• Adding and removing trustees.
• Trust administration to ensure ongoing compliance with regards to the Ultimate Beneficial Ownership (UBO) reporting to the Master’s Office.
• Ongoing liaison with the Master’s Office.
Wills:
• Drafting of wills.
• Preparing codicils or amending existing wills.
• Preparing Letter of Wishes for trusts and wills.
• Safe custody of wills.
Administration of deceased estates:
• The entire deceased estate administration process from start to finish, which includes:
• Meeting with clients.
• Completing documents needed to lodge estate online with the Master’s Office.
• Dealing with the assets in South Africa as well as overseas, in accordance with the deceased’s will.
• Attending to the advertisements in local newspapers.
• Preparing the Liquidation and Distribution Account.
• Settlement of any liabilities owed by the deceased, as well as estate duty payable to SARS, if applicable.
• Final reporting to the Master’s Office.
• Distribution of assets to heirs, which includes SARB reporting for overseas heirs.
• Ongoing liaison with the Master’s Office.
• Assisting with investments such as retirement annuities, pensions, provident funds, life policies to the heirs.
Get in touch: [email protected]
