Our Services
At Lemveli Consulting, we provide a wide array of services designed to address our clients’ diverse needs. Our experienced team specializes in estate planning, trust administration, business formation, and compliance, delivering personalized solutions that safeguard your legacy and enhance your business operations. Recognizing that each client’s situation is unique, we take pride in offering expert guidance to empower you to make informed decisions for a secure future.
Primary Services
Trusts
We provide personalized trust services that meet each client’s unique needs with precision. Our attention to detail and commitment to personal service foster lasting relationships built on trust and transparency.
Business
We offer a complete range of services to support your business from formation to compliance, ensuring it operates smoothly and efficiently with the help of our experienced team.
Wills
Without a valid will, your estate will be divided according to law, often leading to unintended consequences. A well-drafted will is vital to effective estate planning.
Our Services Explained
TRUST SERVICES
At Lemveli Consulting, we offer a tailored approach to trust services, ensuring that each client’s unique needs are met with precision and care. Our commitment to detail and personal service sets us apart, allowing us to build lasting relationships based on trust and transparency.
Consulting
Our consulting services cover a wide range of trust-related matters. Whether you require trust audits, health checks, or legal opinions, our experienced team is here to guide you through the complexities of trust management. We provide insights that empower our clients to make informed decisions.
Independent Trusteeship
In South Africa, having an independent trustee is a legal requirement for trusts. We offer different suites of trust administration and independent trustee services to ensure your trust operates smoothly and effectively, providing peace of mind for you and your beneficiaries.
Trust Administration
We provide comprehensive trust administration services that guarantee compliance with legislative and trust deed requirements.
Our services include, but are not limited to:
• Organizing and conducting annual trustee meetings
• Drafting resolutions
• Assisting with appointment of accountants to draft financial statements
• Reviewing financial statements
• Liaising with the Master of the High Court
• Drafting trust-related agreements
• Managing trust bank accounts
• Trust Compliance
Beneficial Ownership Register
We specialize in providing comprehensive trust administration services to ensure your trust remains compliant with all regulatory requirements. Our expert team helps you navigate the complexities of managing the register of beneficial ownership and associated documentation, tailored to the latest trust law and regulatory changes.
We offer a full range of services to assist with the maintenance of trust records, including:
• Upload of Beneficial Ownership Register to the Master
• Amendments and Updates to Beneficial Ownership Registers
Important Deadline: 15 November 2024
All trusts must submit their Beneficial Ownership Register to the Master of the High Court by 15 November 2024. Failing to comply with this requirement could result in penalties or delays in trust administration. Our team can assist you to ensure that your trust meets this critical deadline, so you can have peace of mind knowing your records are in order.
Estate Planning Sessions
Our estate planning sessions are designed to assess your assets, marital status, and personal circumstances. We develop a customized strategy that outlines the best options available for your situation, followed by a detailed quote for implementation.
Key components of our estate planning strategy include:
• Comprehensive assessment of your needs
• Development of a tailored estate plan with actionable recommendations
• Analysis of current and future tax liabilities
We will begin by updating your last will and testament and ensuring that beneficiaries nominated on policies are current.
At Lemveli Consulting we offer a range of legal services to meet your needs. Below is a comprehensive breakdown of our pricing for Wills, Trusts, and Business Services. Please note that all prices are exclusive of VAT.
Trust Registration
We offer comprehensive trust registration services to meet your needs. Our first Consultation (30 minute We offer comprehensive trust registration services tailored to meet your needs.
Your first consultation (30 minutes, online) is free. Our expert team ensures that all documentation is prepared accurately and submitted efficiently, helping you establish your trust with ease.
1. Drafting the Trust Deed Only: R3,500
2. Drafting and Registration of the Trust at the Master’s Offices in Pretoria or Johannesburg: R6,500
3. Drafting and Registration of the Trust at a Master’s Office Other Than Pretoria or Johannesburg: R8,000
Trust Compliance
Our team is committed to helping you maintain compliance, ensuring your trust operates smoothly and legally. We provide essential trust compliance services to ensure your trust adheres to legal requirements:
1. Registration at SARS: R2,000
2. Beneficial Ownership Register Upload: R3,000
3. Beneficial Ownership Register Update: R300
Trust Amendments
We offer comprehensive trust amendment services to ensure your trust remains compliant and up to date:
1. Amendment of Trustees
- Includes drafting all documents and lodgement at the Master’s Offices in Pretoria or Johannesburg: R4,500
- Includes drafting all documents and lodgement at the Master’s Offices other than in Pretoria or Johannesburg: R5,000
2. Reviewing the Trust Deed
- Charged only for review and if no amendments are made to the trust deed: R1,000
3. Amendment of Trust Deed
- Includes review of the trust deed and lodgement at the Master’s Offices in Pretoria or Johannesburg: R4,500
- Includes review of the trust deed and lodgement at the Master’s Offices other than Pretoria or Johannesburg: R6,000
Quotations will be provided for other ad-hoc attendances. Consulting fees are computed based on the time spent on the client’s affairs, which depends on the level of skill and responsibility involved, as well as any disbursements incurred in connection with the engagement. The hourly rate for such services is R1,800 per hour.
Trust Administration
We offer flexible trustee fee options tailored to your preferences. You can choose to have the trustee fee invoiced as a one-off payment, monthly, in two equal instalments (December and May), or quarterly (March, June, September, and December) each year of engagement.
For Trusts with an Asset Value Less Than R5,000,000
Option 1
Annual Fee for Assisting as Fiduciary Administrators: R8,000
The following services are included in the annual fee:
- Act as independent trustee (if applicable/instructed)
- Attend to the administration of the trust, which includes:
- One formal trustee meeting per year
- Ad hoc meetings as requested and agreed upon (consulting fees may apply for ad hoc meetings; hourly rate: R1,800)
- Annual review of wills
- Drafting of all resolutions and agreements pertaining to the trust
Option 2
If you would like our offices to assist with managing the drafting of annual financial statements and submission of tax returns, as well as reviewing annual financial statements: R15,000
For Trusts with an Asset Value More Than R5,000,000
Option 1
Annual Fee for Assisting as Fiduciary Administrators: R20,000
The following services are included in the annual fee:
- Act as independent trustee (if applicable/instructed)
- Attend to the administration of the trust, which includes:
- One formal trustee meeting per year
- Ad hoc meetings as requested and agreed upon (consulting fees may apply for ad hoc meetings; hourly rate: R1,800)
- Annual review of wills
- Drafting of all resolutions and agreements pertaining to the trust
Option 2
If you would like our offices to assist with managing the drafting of annual financial statements and submission of tax returns, as well as reviewing annual financial statements: R25,000
Download the form, fill it in and send it to admin@lemveli.co.za
BUSINESS SERVICES
At Lemveli Consulting, we provide a comprehensive suite of services designed to support your business from formation to ongoing compliance. Our experienced team is dedicated to ensuring your company operates smoothly and efficiently.
Company Registrations
We assist with the complete registration process for new companies, making it easy to establish your business in compliance with local regulations
Amendments to Directors or Members
Should you need to amend the directors or members of a close corporation, our team is here to facilitate the process swiftly and accurately.
Reinstatement of Deregistered Companies
If your company or close corporation has been deregistered, we can help you navigate the reinstatement process, restoring your business to good standing.
Assistance with Annual CIPC Returns
We provide support in preparing and filing your annual returns with the Companies and Intellectual Property Commission (CIPC), ensuring you remain compliant with regulatory requirements.
Issuing Shareholders Certificates
Our services include the preparation and issuance of shareholders certificates, providing formal documentation of ownership in your company.
Comprehensive Company Compliance Files
We create detailed compliance files that include all necessary documentation to help you maintain good standing and adhere to legal requirements.
Company Agreements
To facilitate effective business operations, we draft a variety of contracts tailored to your needs. Our templates cover essential agreements for engaging with clients, suppliers, and employees, ensuring you have the tools necessary for successful interactions.
Beneficial Ownership Submissions to CIPC
Our Beneficial Ownership Submission service ensures that your company remains compliant with South Africa’s legal requirements by accurately submitting and maintaining your beneficial ownership information with the Companies and Intellectual Property Commission (CIPC).
Under the Financial Intelligence Centre Act (FICA), businesses are required to disclose the identities of their beneficial owners to promote transparency and combat money laundering and terrorist financing. The CIPC requires all companies to report this information, and failure to do so can result in fines or penalties.
We offer three comprehensive packages to meet your business registration needs:
At Lemveli Consulting we offer a range of legal services to meet your needs. Below is a comprehensive breakdown of our pricing for Wills, Trusts, and Business Services. Please note that all prices are exclusive of VAT.
Bronze Package
R2000.00
Company Registration
CIPC Documents
Silver Package
R3000.00
Company Registration
CIPC Documents
SARS Tax Clearance
Share Certificate
Gold Package
R8000.00
Company Registration
CIPC Documents
SARS Tax Clearance
Share Certificate
Full Company Compliance File
Inaugural Minutes
Shareholder’s Agreement
Basic Employment Contract
Other Services
Beneficial Ownership Submissions to CIPC
- Beneficial Ownership documents preparation and lodgment: R800
- Each Member/Shareholder: R300 each
- CIPC Disclosure: R100
- Issue Share Certificates (If there are no Certificates available) R300
- If the Beneficial Owners is a Trust we need to capture the Beneficiaries: R150 per beneficiary
Download the requirements and send the information to admin@lemveli.co.za
WILLS SERVICES
The importance of having a valid will cannot be overstated. In South Africa, you have the freedom of testation, allowing you to determine the distribution of your assets after your death. Without a valid will, you risk dying intestate, which means your estate will be divided according to the law—often resulting in unintended consequences. A well-drafted will is, therefore, a crucial component of the estate planning process.
When creating a will, you have two main options:
Simple Will
A simple will allows you to specify how your assets will be allocated to chosen individuals. You will also appoint an executor responsible for managing the administration of your estate.
Will With A Testamentary Trust
This option is particularly relevant if you have minor children. In a will with a testamentary trust, the assets you leave for your children will be managed by trustees appointed to oversee the trust. These trustees will handle the assets for your children’s benefit, covering expenses such as education until they reach a predetermined age, at which point they can access the capital directly after the trustees distribute the assets.
Without a minor’s trust, any inheritance intended for your children may be directed to the guardian fund, where it will be administered for their benefit, potentially limiting your control over how those assets are managed.
At Lemveli Consulting we offer a range of legal services to meet your needs. Below is a comprehensive breakdown of our pricing for Wills, Trusts, and Business Services. Please note that all prices are exclusive of VAT.
Drafting of Last Will and Testament:
1. Simple Will: R800 per will
2. Will Including a Testamentary Trust (usually for minors): R1400 per will
The fee for drafting of Last Will and Testament includes an electronic copy of our Heritage File to help you keep all your important heritage documents together.
Heritage File
Our Heritage File is designed to help you organize and preserve your important documents. This file is a guideline to assist you with providing a secure place for:
• Legal Documents: Wills, trusts, and other essential legal papers.
• Personal Records: Birth certificates, marriage licenses, and other significant records.
• Financial Information: Bank statements, property deeds, and insurance policies.
• Important Contacts: A list of family members, executors, and advisors for easy reference.
• Other sentimental items: You may include letters to family, a list of items you have not included in your will, but deem sentimental and want specific people to have, and other wishes not relating to your estate.
With the Heritage File, you can ensure that all your vital information is easily accessible for you and your loved ones, providing peace of mind during challenging times.
This file is available in either PDF or Hard copy:
1. Electronic (PDF) Template: R350 per copy
2. Hard Copy: R400 per copy
Download the form, fill it in and send it to admin@lemveli.co.za
“A goal without a plan is just a wish.”
– Larry Elder