The first step in the process is to report the estate to the Master of the High Court. Part of reporting the estate, is that an Executor must be nominated. There are two ways the Executor can be nominated; either in terms of the Last Will and Testament, or nominated by the family.

General process for winding up a deceased estate

There is a process to be followed when dealing with a deceased estate. This article discuss the general process for winding up a deceased estate.

The first step in the process is to report the estate to the Master of the High Court. Part of reporting the estate, is that an Executor must be nominated. There are two ways the Executor can be nominated; either in terms of the Last Will and Testament, or nominated by the family.

2 – 3 months after the estate has been reported, the Master will issue Letters of Executorship. The Letters of Executorship gives power to the Executor to act on behalf of the deceased estate.

Once Letters of Executorship have been issued, a notice to creditors must be advertised in the Government Gazette and local newspaper. 30 days after the advert, the Liquidation and Distribution account must be submitted to the Master for approval.

Once the Master has approved the Liquidation and Distribution account, the Liquidation and Distribution account must also be advertised in the Government Gazette and local newspaper. 30 days after the advertisement of the Liquidation and Distribution account, the estate can be distributed.

The estate takes about 12 months to wind up.

To summarise the process for winding up a deceased estate:

1) Report estate to the Master
2) Master issues Letters of Executorship
3) Advertise estate in the Government Gazette and local newspaper
4) Submit Liquidation and Distribution account to the Master for approval
5) Advertise Liquidation and Distribution account
6) Distribution

Siyatec Executors can assist you in reporting a deceased estate to the Master’s Office. Give us a call, send us a Whatsapp, complete our online consultation or send us an email to start the process.

Author: Megan Maggott
Consultant at Siyatec Executors

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