Admin of Deceased and insolvent estates
Presenters : Jako Liebenberg CA(SA)
Overview
Accountants are trusted professionals that can oversee the administration of insolvent and deceased estates on behalf of their clients.
This oversight function requires that one has full knowledge of the procedures involved in the administration of estates. It is also essential to have background knowledge of relevant legislation - the Administration of Estates Act, and the Insolvency Act.
Learning objectives
By attending this CPD webinar you will develop the following competencies:
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Have knowledge of the relevant parts of legislation that govern the administration of insolvent and deceased estates.
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Have a practical understanding of statutory requirements in reporting, administering and winding up an estate.
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Have an appreciation of what happens to an individual’s assets and liabilities upon death as well as basic estate tax requirements.
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Be aware of the role played by the Master of the High Court with regards to deceased estates.
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Know all other stakeholders' roles and responsibilities including the executor/administrator.
Content
The webinar will cover the following topics:
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Introduction.
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Relevant legislation:
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Administration of Estates Act.
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Insolvency Act.
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Important definitions.
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Stakeholders and their responsibilities.
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Administrative processes.
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Practical pitfalls and solutions.
