The process for transferring ownership from a deceased estate is as below. If transfer is to a family member, then there will be no transfer fees applicable. Please note that the account must be up to date before a transfer can proceed.
REQUIRED DOCUMENTATION
Please note that the required documentation must be dated, signed and witnessed.
Transfer of Ownership
CM42 document
Duly authorised copy of new owner's ID or Company Registration
Notice of death
Death certificate
Letter of executorship
Certified copy of the deceased's ID
PROCESS
Complete, sign and submit all documents as detailed under ‘Required documentation’, which can be requested from South Coast Share Transfer Services.
Scan and email the completed documents South Coast Share Transfer Services (see contact information below)
An invoice for Transfer Fees will be sent to the prospective new owner for payment.
The Transfer Fee is currently R1816 with;
iExchange Fees of R1168 (existing Members) or R2019 (new Members) payable by the third party.
If the transfer is to a family member, there will be no transfer fees applicable.
Both the estate and the new owner will receive notice upon completion of transfer.
ADDITIONAL INFORMATION
Accumulated Points and credits on old account will be transferred to the new Member's account
Provided documentation is in order, expect approximately 5 - 7 working days for completion of transfer
South Coast Share Transfer Services
Tel: 039 688 5380
Email:estates@scsts.co.za