Deceased Estates Process - Drafting of Liquidation and Distribution Account (Session 4)

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

Lesson Outline

Once all the assets of the deceased are gathered and liabilities established, it is now required to lodge a Liquidation and Distribution Account (setting out all the assets and liabilities) to the Master of the High Court for inspection and approval.

Section 35 of the Administration of Estates Act requires you to lodge a Liquidation and Distribution Account to the Master of the High Court for inspection and approval within 6 (six) months after the Letters of Executorship has been issued. 


Topics Discussed:

  • Drafting of Liquidation and Distribution Account – Schedule 4 – Regulation 5
  • Account to lay open for inspection – Magistrate’s Court
  • Administration costs
  • Possible cash contribution outstanding bond and the impact of the surviving spouse / co-owner

All Included:

  • Q&A with the presenter
  • Downloadable course material
  • Certificate of training
  • SAIT Accredited - 3 verifiable CPD points