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The nominated executor must report the deceased estate to the Master of the High Court. If the estate has a gross value of more than R250 000.00 the Master will issue Letters of Executorship. The executor is then required to follow the full administration procedure which will be discussed in upcoming articles.
If the estate has a value less than R250 000.00 the Master of the High court will issue Letters of Authority. This is also known as “18(3) estates”. “18(3) estates” follow a simpler procedure for winding up the estate.
Documents required in order to Reporting the Estate to the Master of the High Court:
Author: Waseemah Doutie (LL.B.)
Attorney and Legal Consultant at Siyatec Executors
When a person passes away, their estate must be reported to the Master of the High Court. The nominated executor is responsible for this task. The Master will issue Letters of Executorship if the estate has a gross value of more than R250,000.00. Executors must then follow the full administration procedure.
For estates valued at less than R250,000.00, the Master will issue Letters of Authority, also known as 18(3) estates. These estates follow a simpler procedure for winding up. To report a deceased estate to the Master, several documents are required. These include the Death Notice (Form J294) to be completed and signed by a surviving spouse or close relative of the deceased, a certified copy of the Death Certificate as proof of death, an Inventory (Form J243) listing all assets and liabilities belonging to the deceased, the original will (if any), nominations by the heirs for the appointment of an executor, Undertaking and Acceptance of Master’s direction x2 (Form J155) to be completed and signed by the executor appointed by the Master, Next of Kin Affidavit (Form J192) to be completed and signed by the executor where the deceased did not leave a valid will, and certified copies of the nominated Executor’s ID, the deceased’s ID, the Marriage Certificate, and the surviving spouse’s ID.