The PowerTeam

The PowerTeam is a Collection of Financial Services Business Professionals that Success By Design are apart of, please contact us for further info

Navigating the process of deceased estates in South Africa

The various requirements for the administration of a deceased estate are set out in the provisions of the Administration of Estates Act, 66 of 1965. In terms of the Act, when a person passes away it must be reported to the Master of the High Court within 14 days of that person’s passing. A death notice together with supporting documents including the original Will, death certificate, identity document of the deceased and documentation confirming the nominated executor in terms of the Will, are delivered to the Master’s Office. The Master will then, on acceptance of the original Will and supporting documents, issue the executor with the Letters of Executorship, authorizing the executor to act in this capacity and to liquidate and distribute the estate of the deceased.

Why you should have a Will in South Africa

One time in life not to wing it – Your Will!

Regardless of how much or little you might be leaving behind; your Will is an essential element of a robust financial portfolio. If you have loved ones who depend on you financially or minor children who need to be cared for should you pass away unexpectedly, you would greatly benefit from a professionally drafted Will.