There are 6 Main Steps for Executing on a Deceased Estate
The 6 Main Steps
There are 6 main steps for executing on a deceased estate
Once registered, you can click on the relevant links for the forms, templates, and examples, as well as detailed guidance; you can also contact us for any specific questions – we are available on the phone or via e-mail. On the Executive package, all these steps are executed for you, excepting step 5 (which you as Executor must personally manage) and any SARS engagements.
- Apply for, and be appointed as Executor of the Estate
- Determine if there is a will, and review this for directions in respect of Executorship and beneficiaries. Assess divorce agreements, and other legal obligations which affect the Estate.
- Gather all documentation relating to the deceased estate. Certain originals are required, for others certified copies are sufficient.
- Compile a preliminary list of assets and liabilities
- Potential Executor to determine and complete the forms required by Masters Office -depends on deceased’s circumstances and will.
- Submit the forms to the Masters Office.
- Receive original letters of Executorship from Masters Office once the Master has processed the application.
- Administer Estate Assets and Liabilities
- Prepare and submit a Liquidation and Distribution Account
- Advertise the L&D Account and submit a final L&D
- Once the Master has approved the L&D, advertise the L&D for inspection (21 days)
- Submit L&D and Magistrates certificate (that no objections were received) to Master, who will issue an authority to distribute the Estate, with potentially some conditions attached.
- Distribute the Estate Assets
- Discharge by Master