Provision of Liquidation & Distribution accounts to the
Master within 6 months of registration of the estate.
Currently the maximum Masters fee is R600 and this
has been for longer than I can remember. Little doubt
a small portion of the blame for delays can be placed
with the Masters Offices. Most heirs would be happy
to see this fee increased fairly substantially to give
the Master’s Offices training and resource increased
to improve the situation.
The Masters office function is more important than
R600.
The New Generation Will
Invest in your heirs giving them
all the benefits
Registration with the nearest Master’s offices is required within
14 days in the case of estates with wills or with assets above
R125,000. (Sections 7 to 9 of the Administration of Estates Act).
Creditors Notices can easily be published within 14 days of
receiving Letters of Executorship from the Master.
Creditors’ Notice requirements
1.
Estate number,
2.
Full names of the deceased,
3.
date of birth,
4.
identity number,
5.
last address,
6.
date of death;
7.
surviving spouse's names,
8.
surviving spouse's surname,
9.
surviving spouse's date of birth
10.
surviving spouse's identity number;
11.
name and address of executor and authorised agent.
There are few reasons for delaying posting the Creditors Notice
once the Letters of Executorship have been issued by the Master.
See Letters of Executorship
14 days in the case of estates with wills or with assets above
R125,000. (Sections 7 to 9 of the Administration of Estates Act).
Creditors Notices can easily be published within 14 days of
receiving Letters of Executorship from the Master.
Creditors’ Notice requirements
1.
Estate number,
2.
Full names of the deceased,
3.
date of birth,
4.
identity number,
5.
last address,
6.
date of death;
7.
surviving spouse's names,
8.
surviving spouse's surname,
9.
surviving spouse's date of birth
10.
surviving spouse's identity number;
11.
name and address of executor and authorised agent.
There are few reasons for delaying posting the Creditors Notice
once the Letters of Executorship have been issued by the Master.
See Letters of Executorship
The Masters’ Offices
