Deceased Estates: Reporting deceased estate

Description

This session provides valuable information to ensure that the correct procedure is followed once a deceased has passed away and the estate is correctly and timeously administered.

Clients with Wills and clients without Wills will approach you at the time of death to assist with the administration process.

The administration process for both testate estates (those passing away with a valid Last Will and Testaments) and intestate estates (those who passed away without a valid Last Will and Testament) is very similar.

After the death of the Testator / Testatrix, his / her assets then becomes the deceased estate, which assets must be administered and distributed in terms of the Administration of Estates Act no 66 of 1965.

To avoid any unnecessary delays in obtain the Letters of Executorship or Letters of Authority in a section 18(3) estate where the value of the assets are less than R250 000 – it is of the utmost importance to ensure that the correct information and documentation is forwarded to the Master of the High Court with the application for Executorship / Master’s Representative.

Topics Discussed:

• Correct completing of reporting documentation.

• Required documentation:

  1. Marriage certificate

  2. ID of deceased

  3. Death certificate

  4. ID of Executor

• Letter to Master

• Templates provided:

  1. Death Notice

  2. Master’s Directions (estate smaller than R250 000)

  3. Acceptance of Executor (estate larger than R250 000)

  4. Inventory

  5. Next of Kin affidavit (intestate estates only)

  6. Nomination (intestate estates only or alternative Executor)

  7. Letter to Master of the High Court

All Included:

• Video presented course

• Downloadable course material

• Certificate of training

• Optional assessment

• 3 CPD points

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About the presenter:

Lize Muller

Lize is seasoned in the Administration of Deceased’s Estates as she has been administering deceased estates since 2001. Lize has an AIPSA Diploma in Insolvency Law and obtained a certificate in Administration of Deceased’s Estates, Continuing Legal Education and the Law Society of South Africa.

Lize has now decided to share her vast knowledge on the subject to learners wanting to embark on this journey.

Some achievements throughout her career:

over 220 appointments as Executor in both Testate and Intestate Estates

act in advisory capacity to other appointed Executors as to estate administrative requirements

have held appointments in various complicated Estates

various Estates which included successful High Court Litigation in relation to heir and beneficiary disputes

various Estates which included successful PIE Applications

assisted with International Estates, including UK, Germany, Scotland and Spain by obtaining local appointments

drafted over 2300 Wills

drafting of International Wills

accepted various nominations by First National Bank and other third parties as Executor

referral Estates from various Firms of Attorneys

assisting / acting as Administrator for various Firms of

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