Deceased Estates Administration Process Webinar

This session moves learners from appointment to fulfilling the fiduciary duties of an Executor. It focuses on gathering assets, identifying liabilities, communicating with institutions, managing creditors and preparing the required Liquidation and Distribution Account.

Learning outcomes

By the end of this session, learners should be able to:

Understand the executor’s duties;

identify and gather estate assets;

establish liabilities and creditor claims;

understand when creditors are paid;

communicate effectively with banks, insurers and other institutions;

manage common asset categories such as bank accounts, vehicles and immovable property;

understand the difference between the administration where Letters of Executorship is issued in full estates and smaller section 18(3) estates.

Key topics

Executor’s fiduciary duties after Letters of Executorship are issued

Master’s Representative duties after Letters of Authority are issued

Gathering estate assets

Opening an estate late bank account

Identifying bank accounts, investments and insurance policies

Communicating with financial institutions

Creditor claims and statutory notices

When and how creditors are paid

Vehicles in deceased estates

Immovable property in deceased estates

Bonded property and surviving spouse considerations

Practical communication with heirs and family members

Gathering required documentation / information