will-612x291

The administration process for estates of a gross value of R250 000 or more is defined in the Administration of Estates Act, in terms of which executors must follow these guidelines:

Notice of estate and appointment of executor
-6 to 10 weeks
Preparatory work for compilation of Liquidation and Distribution account
-6 to 24 weeks
Investigation of Liquidation and Distribution account by the Master
-4 to 8 weeks
Liquidation and Distribution account for inspection
-4 to 6 weeks
Finalisation of the estate (after inspection period and no objections lodged)
-4 to 8 weeks
Total (of an average estate):
-6 to 13 months

Share
This

Post a comment