Services / Deceased Estates
Deceased Estates Includes:
- Drafting of wills
- Establishment and administration of Trusts
– Inter Vivos Trust
– Testamentary Trust
- Administration of deceased estates
– Section 18(3) estates (less than R 250 000.00)
– Executor estates (more than R250 000.00)
Short summary of services: We take great pride in providing fiduciary services to the community at large in the form of estate planning and drafting of legally compliant wills. We establish and administer Trusts according to our clients personal and business needs. We work closely with the Master of the High Court to ensure effective and timeous administration of deceased estates. From reporting the estate, drafting the Liquidation and Distribution account, distributing to the beneficiaries and finalizing the estate.
Frequently Asked Questions
Why is it important to have a valid will?
A valid will ensures that your assets and personal possessions are divided according to your wishes after death.
When must a deceased estate be reported?
The estate of a deceased person must be reported to the Master of the High Court when a person has passed away and they have left property and a valid will. The estate will be administered and distributed in terms of the deceased’s will or if there is no valid will, in terms of the Intestate Succession Act.
What is the difference between a Letter of Authority and Letter Executorship?
A Letter of Authority is issued to the appointed Master’s Representative for an estate with a value that is less than R250 000.00.
A Letter of Executorship is issued to the appointed Executor for an estate with a value that is more than R250 000.00.