Deceased Estates - Drafting of Liquidation

Once all the assets of the deceased are gathered and liabilities established, it is now required to lodge a Liquidation and Distribution Account (setting out all the assets and liabilities) to the Master of the High Court for inspection and approval.

Section 35 of the Administration of Estates Act requires you to lodge a Liquidation and Distribution Account to the Master of the High Court for inspection and approval within 6 (six) months after the Letters of Executorship has been issued.

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Topics Discussed:

• Drafting of Liquidation and Distribution Account – Schedule 4 – Regulation 5

• Account to lay open for inspection – Magistrate’s Court

• Administration costs

• Possible cash contribution outstanding bond and the impact of the surviving spouse / co-owner

All Included:

• Video presented course

• Downloadable course material

• Certificate of training

• SAIT Accredited - 4 verifiable CPD points

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About the Presenter:

Lize Muller

Lize is seasoned in the Administration of Deceased’s Estates as she has been administering deceased estates since 2001. Lize has an AIPSA Diploma in Insolvency Law and obtained a certificate in Administration of Deceased’s Estates, Continuing Legal Education and the Law Society of South Africa.

Lize has now decided to share her vast knowledge on the subject to learners wanting to embark on this journey.

Some achievements throughout her career:

over 220 appointments as Executor in both Testate and Intestate Estates

act in advisory capacity to other appointed Executors as to estate administrative requirements

have held appointments in various complicated Estates

various Estates which included successful High Court Litigation in relation to heir and beneficiary disputes

various Estates which included successful PIE Applications

assisted with International Estates, including UK, Germany, Scotland and Spain by obtaining local appointments

drafted over 2300 Wills

drafting of International Wills

accepted various nominations by First National Bank and other third parties as Executor

referral Estates from various Firms of Attorneys

assisting / acting as Administrator for various Firms of