DECEASED ESTATE ADMINISTRATION
- Three phases: The typical progression of managing a deceased estate generally involves three key phases:
- Initial stages encompass intake, reporting to the Master of the High Court, and the issuance of Letters of Executorship.
- The administration phase involves securing and gathering all cash and assets, as well as settling outstanding debts.
- Finally, the remaining estate is distributed in alignment with the provisions outlined in the Will or the Intestate Succession Act.
- Support in Managing Deceased Estates: Serving as Master-appointed Executors or Agents, we adopt a holistic approach to the administration of deceased estates. This encompassing role involves various administrative tasks, such as:
- Family Consultation: Engaging with grieving family members, we facilitate the intake process by collecting essential information and documentation necessary for reporting and managing the estate.
- Master Reporting: Meticulously compiling and submitting all relevant documentation, we ensure compliance with the requirements of the Master of the High Court.
- Executorship and Authority Letters: Acquiring the necessary letters is crucial for the seamless administration of estates, tailored to their respective asset values.
- Estate Finalization: From coordinating with the Master of the High Court to fulfilling tax obligations, registering assets, transferring properties, and distributing assets in accordance with the last will and testament or applicable laws, we meticulously oversee every intricate detail. Collaboration with professionals is also undertaken for the administration of both Deceased and Insolvent Deceased Estates.
- Partnerships: We enthusiastically collaborate with other professionals, including Attorneys and Accountants, helping in deceased estate administration services or related services at mutually agreed-upon fees.
- Comprehensive Guidance: Providing in-depth advice on Deceased Estate and Insolvent Deceased Estate Administration, we ensure clarity and support for all stakeholders involved. Additionally, we actively assist in resolving disputes throughout the entire process.