Financial planning for individuals

Individual wealth creation is our passion. Our team of highly skilled financial advisers will partner with you to achieve your financial goals.

Financial wellness

Our financial advisers are equipped to provide you with a comprehensive financial plan that will assist you in reaching your personal financial aspirations and goals. Our investment advice is based on the most advanced research, combined with years of experience in financial markets.

Specialised fiduciary services

Our highly specialised team of expert estate planning and tax advisers enables us to provide a range of professional services to our clients.

With access to Momentum’s strong financial adviser network and, in partnership with your financial adviser, we are able to offer specialised estate planning solutions for wills, estate administration and trusts.

Drafting a will

By executing a valid will, you are able to ensure that the interests of your loved ones are protected and that your specific wishes are carried out.

Who should have a will?

If any of these apply to you, then it is essential that your affairs are regulated by a will:

  • You have minor children.
  • You live with someone, but are not married to them.
  • You are divorced and pay maintenance to a former spouse or children from a previous marriage.

The advantages of having a will:

  • You can choose who you would like to benefit from your estate.
  • You can nominate guardians for your minor beneficiaries.
  • You can nominate an executor or trustee of your choice.
  • The interests of minor beneficiaries are protected.

The disadvantages of not having a will:

  • Your family will be burdened with unnecessary delays and increased costs for your estate in the form of legal fees and potentially unnecessary estate duty, income tax or VAT.
  • Strict legislation will decide on who inherits your assets.
  • You won’t have the opportunity to create a testamentary trust for your minor beneficiaries.
  • You won’t have the opportunity to nominate an executor of your choice.

Setting up a trust

In South Africa a trust remains one of the most flexible and tax-effective instruments in assisting you in estate planning.

Depending on your unique requirements, we can help you set up a trust for your family or other beneficiaries.

Our services include the formation and administration of:

  • Charitable trusts
  • Inter vivos (living) trusts
  • Testamentary trusts
  • Other trusts

Uses of a trust:

Trusts can be set up for various reasons and can be customised to your needs. These include:

  • The protection and preservation of assets for the next generation.
  • The protection of interests of minors, the elderly or disabled beneficiaries.
  • Charitable purposes or other special causes.

Offshore trusts and structures

We facilitate:

  • The provision of both international tax and exchange control advice.
  • The establishment of offshore trusts and structures.
  • The drafting of wills for offshore assets with approved offshore trust companies.

We do this by leveraging from:

  • Momentum’s Guernsey-based, Wealth International Investment Administration platform, and;
  • Momentum’s Global Investment management in London for the investment of offshore assets.

Drafting and review of legal documents

A Momentum Consult financial adviser will consult with you and provide you with a fee estimate for the drafting or review of the legal document/s. Our services include the drafting or review of legal agreements, relating to estate planning, and other professional advice on:

  • Buy and sell agreements
  • Lease agreements
  • Offers to purchase
  • Partnership agreements
  • The sale of share agreements

Deceased estate administration

The administration of deceased estates involves the winding up of the affairs of your estate to ensure that your wishes are carried out as per the stipulations in your will. Our accomplished team of financial advisers will ensure that delays are avoided, wherever possible; thereby minimising the stress associated with settling and apportioning a deceased estate.

You may require the assistance of a professional executor, especially if your estate is made up of a complicated combination of assets.

Momentum Consult can assist with the following services:

  • An estate administration service; where Momentum Consult has been nominated as an executor in the will.
  • Administration of estates; where the deceased did not leave a valid will (died intestate).
  • Act as an agent where a non-professional executor has been appointed.

The role of an executor:

Only an executor, whose appointment has been confirmed by the Master of the High Court, may deal with the assets and liabilities of a deceased estate. It is the executor’s function to fulfill certain steps, as stipulated by the Administration of Estates Act which include:

  • Taking control of the assets that form part of the estate.
  • Carrying out legislative requirements with regards to the administration of the estate.
  • Identifying the beneficiaries in the estate.
  • Paying the debts and administration expenses.
  • Attending to the final income tax return.
  • Distributing the balance of the estate to the beneficiaries.

Advisory services

Our team comprises a unique blend of specialist skills that include:

  • Financial planning for individuals
  • Investments
  • Estate planning, wills and trusts
  • Healthcare
  • Motor and household insurance
  • Stockbroking

Our clients’ financial wellness is at the heart of everything we do. Whatever your life stage, our financial advice and solutions will empower you to manage and enhance your financial wellness throughout your lifetime.