What we offer
Wills
Wills are drafted after consultation with the client following an in depth needs analysis.
AM Trust does not insist to be nominated as the executor in your will. You may nominate the executor of your choice. The drafting of a will is therefore an objective professional service for which fees are charged. Nominating AM Trust as executor or alternate executor does however ensure continuity.
We offer the safe custody of executed original wills drafted by AM Trust, free of charge.
Complete the Google form below or send us an email at wills@amtc.co.za for assistance and more information.
Fees (VAT exclusive)
- Drafting of will without consultation: R850.00 plus VAT
- Drafting of will after consultation with client : R1850.00 plus VAT
- Revision of existing wills: R600.00 plus VAT
- Living Will: R400.00 plus VAT
The drafting of a Will may be free of charge in instances where AM Trust has been nominated as executor and provided that we have received the original signed Will for safe custody within 30 days after signature.
Trust Services
AM Trust offers the following trust administration, advice and related services:
- draft and register new trust deeds with the Master of the High Court
- audit of and advice in respect of existing trust deeds
- trust deed and trustee amendments
- appointment as independent trustee
- management of trust administration and related advice
- drafting financial statements
- submission of income tax returns for trusts
- trust compliance advice
Fees (VAT exclusive)
- Setting up and registration of trusts: R13 250 plus VAT plus the Master’s registration fee of R250. (this includes registration for income tax and submission of ultimate beneficial ownership registration)
- Written audit report for existing trust deeds: Per quote (R2 500 – R4 000 plus VAT)
- Replacement of entire trust deed: per quote (R5 000 – R8 000 plus VAT)
- General amendments to existing trust deeds: Per quote (R2 000 – R4 500 plus VAT per amendment).
- Amendment of Trustees: Per quote (R2 500 – R5 500 plus VAT).
- Appointment as independent trustee: On quotation basis.
- Annual management fee: 1% of assets under management. Individual fee structures can be negotiated for trusts with asset values of more than R3 000 000.00.
- Drafting of financial statements: Per quote (from R4 500 plus VAT).
- Completing and filing of income tax returns for trusts: Per quote (from R2 000 – R5 000 plus VAT).
- Drafting and submission of Ultimate Beneficial Ownership register to the Master of the High Court (all trusts): R2 750 plus VAT.
- Termination fee (as trustee or agent): Negotiable up to 2% of assets distributed. Minimum fee of R2 500 plus VAT.
- Application for exemption from income tax for a charitable trust: From R 4 500 plus VAT.
Estate Planning
We offer personal estate planning which entails an objective, in depth analysis of your personal financial affairs with specific reference to tax liability, shortfalls and the execution of your testamentary wishes.
Specific questions in relation to your personal tax, wills, trusts, family unit welfare and the testamentary distribution of your assets, will be considered.
The outcome is an estate planning report and if required the drafting of the necessary documents to implement your wishes and the optimal structure of your assets.
Fees (VAT exclusive)
- Consultation fee: R1 500 plus VAT.
- Estate planning analysis: Per quote (from R3 000 plus VAT).
- Estate planning analysis and written estate planning report: Per quote (from R5 000 plus VAT).
- Written opinions: Per quote
Deceased Estate Administration
Estate administration fees are regulated in terms of the Administration of Estates Act of 1965 as amended. The fee is currently set at a maximum of 3,5% of the gross asset value of the estate under administration of the Executor. Pension money, the proceeds of retirement annuities, life insurance with nominated beneficiaries and trust assets are excluded from the estate and therefore no fee may be levied on these assets.
African Mutual Trust Company is prepared to give a free quotation for the administration of a deceased estate.
Ad hoc estate administration related advice will be charged on quotation basis.
Complete this form for will inqueries:
Complete this form for trust inqueries:
Complete this form for will inqueries:
Complete this form for trust inqueries:
