How do we transfer ownership from deceased estates?

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:[email protected]




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