Deceased Estates Administration Process Self-Study Course

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