REPORTING A
    DECEASED ESTATE
    DECEASED ESTATE:
      Where a person passes away and they have left behind any assets and money
      to their name, a deceased estate comes into existence. If the deceased left
      behind a will, their estate will be administered in accordance with the will. If the
      deceased died without a will, their estate will be administered in terms of the
      Intestate Succession Act.
       
       
               STEP ONE:
    If the deceased               If the deceased
   executed a Will before       passed away without
      passing                       a Will
                           Regulated by the intestate succession
  Regulated by the Administration of Wills Act
                                   Act
               STEP TWO:
  REPORTING THE DECEASED ESTATE
   The deceased estate must be reported within 14 (fourteen days) of the date of death.
   The deceased estate must be reported to the Master's office within the jurisdiction that the
   deceased lived in
   The estate must be reported by the Executor of the estate.
   The Executor of an estate can appoint an agent such as a law firm to assist in the
   reporting of an estate.
   
                  STEP 3:
          APPOINTMENT OF AN EXECUTOR
    WHO CAN BE AN           FUNCTION OF THE
      EXECUTOR:                EXECUTOR:
      A person can appoint an
                               Settle the liabilities of
     executor in terms of their Will.
                                  deceased
     Where a person dies without a
                              Open a bank account for
     Will the heirs to the estate may
                               the deceased estate
      nominate someone to the
                               Close the deceased's
      Executor of the deceased's
                                 bank accounts
           estate.
                               Collect the assets for
      A nomination form must be
                               the deceased estate
     completed by the heirs of the
                               Distribute the estate in
           estate.
                               accordance with the
     An attorney can be nominated
                                   Will.
       to be the Executor of a
                              Distribute in terms of the
     deceased estate. The attorney
                               Intestate Succession
     can be nominated in terms of a
                                    Act.
       will or by the heirs to a
                                Making payments
    deceased estate if the deceased
                                toward creditors.
        died without a will.
                                Sell or transfer the
      A family member can be
                               deceased's property.
     appointed as the Executor and
     be assisted by an attorney who
    will act on behalf of the executor
          as an agent
                    STEP 4:
              LETTER OF AUTHORITY 
                        VS 
             LETTER OF EXECUTORSHIP
                       R250 000.00
         (TWO HUNDRED AND FIFTY THOUSAND RAND)
    DECEASED ESTATE LESS         DECEASED ESTATE TO THE
     THAN R250 000.00             VALUE OF R250 000.00
    (TWO HUNDRED AND            (TWO HUNDRED AND FIFTY
      FIFTY THOUSAND              THOUSAND RAND OR
         RAND)                         MORE
    LETTER OF                      LETTER OF
   AUTHORITY                   EXECUTORSHIP