Deceased Estates Process - Administration Process After the LoE Have Been Issued (Session 3)

Price:
R565.00 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Deceased Estates
Lecturer:
Biz Facility
Duration:
120 Minutes
Additionals:
   CPD Assessment
   Certificate

Lesson Outline

A letter of Executorship has now been issued and the administration process can begin. Far less admin is required where a Letter of Authority is issued, but you as still obliged to deal with all the assets and liabilities of such a deceased estate, which we will be discussed during this session.

The deceased estate comprises of all the deceased’s assets and liabilities and the main object of the administration process is to ensure that all assets of the deceased are gathered, liabilities are paid in order to make a distribution to heirs. A deceased cannot own any assets and/or liability after the administration process has been completed .

Topics Discussed:

  1. Gathering of assets
  2. Opening of estate late banking account
  3. Establishment of creditors / creditor’s claims / when creditors get paid
  4. Write to financial institutions / banks / insurance companies
  5. Vehicles
  6. Immovable property

All Included:

  1. Recording of the session
  2. Q&A with the presenter
  3. Downloadable course material
  4. Certificate of training
  5. SAIT Accredited - 3 verifiable CPD points