The New Generation Will
Invest in your heirs giving them
all the benefits
Administration of any estate
The Steps. (A book is being developed. If you would like to be kept
informed about this book send an email to john@yfcwill.co.za)
1.
Inventory
2.
The following documents are needed to get letters of
administration from closest Masters’ Office
3.
Ensure you keep the originals or at least certified copies
4.
Original will - correctly signed and dated
5.
Death certificate - (usually certified copies obtained from
undertaker)
6.
Copy of Identity Document -
7.
Acceptance of appointment
8.
Inventory of assets
9.
Check there is adequate insurance over assets
10.
Open bank account, deposit cash and life insurance policies.
11.
Posting Creditors’ Notice
12.
Advise SARS & request status of tax returns.
13.
Valuations of assets
14.
Draft Liquidation & Distribution Accounts (L&D)
15.
Sent L&D to Master
16.
Clear queries with Masters’ office
17.
Print final L&D and send to Masters’ Office and local
Magistrate (available for inspection)
18.
Posting L&D Notice
19.
Distribution to heirs.
20.
Release by Master
