Deceased Estate Administration

 

Deceased Estate Administration

Deceased estate administration is a complex process that involves validating all documentation, beneficiaries and creditors, etc.

Many people do not understand the steps involved in administering the estate of a deceased person. Therefore, our team of attorneys at Van Deventer and Van Deventer Incorporated offer deceased estate administration services to our clients, ensuring that the process gets completed as smoothly as possible.

Deceased Estate Administration Duties

When someone is appointed as the executor of the deceased estate by the Master of the High Court, the duties outlined in the Administration of Estates Act needs to be adhered to.

These duties may include:

  1. To determine the outstanding debts owed to creditors, and settle them as soon as possible.
  2. To determine what the assets of the deceased are, and these include furniture, stocks, cash etc.
  3. To determine what amounts are to be paid out to the beneficiaries as stipulated in the will.

Van Deventer and Van Deventer Incorporated - Deceased Estate Administrators

There are a number of other smaller issues that need to be dealt with during the deceased estate administration process. However, our attorneys have extensive knowledge when it comes to estate administration, thus making us well equipped to assist you and get the process completed as quickly and efficiently as possible.

If you need assistance with the administration of the estate of a deceased loved one, contact Van Deventer and Van Deventer Incorporated today.

 

 

[Title]When the Property Transfer is from a Deceased Estate – Things to Note

It happens most often that some properties are transferred and sold from a deceased estate, with the purchaser having to transact with the heir or the executor of the deceased estate. In other instances, there is no sale involved, but that the property must be transferred from the deceased estate to the heir who is entitled to inherit such property.

Read More ...
Posted by Cor van Deventer on Monday, April 19, 2021 Views: 59


[Title]Your Will in a Will - The Advantage of Certainty

The primary purpose of having a valid will is so that the testator can have the benefit of prescribing the division of his assets to only the beneficiaries he/she desires. In this way, having the assets of the deceased in the wrong hands after his/her death is avoided.

Read More ...
Posted by Cor van Deventer on Tuesday, January 26, 2021 Views: 189


[Title]Transferring Hereditary Assets into a Trust

The sale of the assets is one of the most prominent ways of distributing assets. However such sale needs to be at market value, which can be achieved by getting two different valuations and declaring the average. However, the sale of assets such as property and company shares will invite Transfer Duty and Capital Gains Tax. 

Read More ...
Posted by Cor van Deventer on Thursday, January 21, 2021 Views: 157