Current Statutory Requirements for the Administration of Deceased Estates
CPD Hours: 2
Price: R450.00
Current Statutory Requirements for the Administration of Deceased Estates
Presenters : Raymond Hack
Overview
Successful accountants frequently assume the role of guiding and supporting clients in the administration of deceased estates. With their expertise and unwavering fiduciary duty, accountants shoulder the responsibility of overseeing and meticulously managing the entire estate administration process.
It is worth noting, however, that the winding up of a deceased estate requires a combination of legal acumen and accounting proficiency, underscoring the distinctive nature of this multifaceted undertaking.
Join Raymond Hack on 10 August 2023 from 10:00 a.m. to 12:00 p.m. to gain a comprehensive understanding of the current statutory requirements for the administration of deceased estates in an accounting practice. Raymond will provide you with valuable insights, practical tips, and real-world examples. This webinar presents an exceptional opportunity to expand your knowledge about the legal requirements involving the administration of deceased estates.
Learning objectives
Attending this webinar will equip you with the following skills:
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Understand the significance of drafting a valid last will and testament, and the appointment of executors, trustees, and guardians (when required).
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Fundamental understanding of the prescribed estate documentation, including completing and submitting the required documents to the Master of the High Court.
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Gain effective strategies for meeting and communicating with bereaved families to gather the necessary information required by the Master of the High Court.
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Knowledge of the requirements and best practices for preparing the Liquidation and Distribution Account.
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Know how to place the relevant advertisements in newspapers and the Government Gazette.
Content
The webinar will cover the following topics:
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Overview of the Deceased Estates Act.
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Requesting letters of executorship/administration:
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Gathering, completion and signing of prescribed forms.
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Gathering of supporting documents.
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Advertising for creditors.
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Drawing up of the Liquidation and Distribution Account.
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Submitting the Liquidation and Distribution Account for approval.
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Collection and distribution of assets.
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Fulfilment of outstanding claims against the estate.
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Awarding the inheritance due to the beneficiaries.
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Surrendering the original letters of executorship.
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Obtaining the executor's release.
