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ESTATE ADMINISTRATION

Efficient Estate and Trust Administration: Managing Your Legacy

Our ESTATE and trust ADMINISTRATION SERVICES

At S Verster Attorneys, we understand the importance of safeguarding your legacy and ensuring your wishes are carried out effectively. That’s why we offer comprehensive trusts and wills services to provide peace of mind and protect your assets for future generations.

 

What are Trusts and Wills

Trusts and wills are essential legal instruments used to manage and distribute assets upon your death or incapacity. A will outlines your wishes regarding the distribution of your estate, while a trust allows you to transfer assets to a trustee for the benefit of your chosen beneficiaries.

 

Our administration of estate Services Include:

  • Administration of estates
  • Administration of trusts
  • Administration of trust assets
  • All aspects of estate planning
  • Curatorship
  • Drafting and preparation of the Liquidation and Distribution Account
  • Drafting of wills and codicils
  • Formation and registration of trusts (testamentary and inter vivos)
  • Making payments to and on behalf of beneficiaries
  • Managing Estate investment and bank accounts
  • Realising or transferring share portfolios and unit trust instruments

FREQUENTLY ASKED QUETIONS

“Estate administration entails the oversight of the assets and liabilities belonging to an individual who has passed away.” – Cornell Law School

  1. The Master of the High Court (the Master)
  2. The Executor/agent
  3. The Conveyancer. As stated by SARS, Conveyancers “liaise with the Registrar of Deeds to take care of the transfer of Title Deeds where the deceased-owned immovable property must be transferred to heirs or sold and transferred to a third party.”
  4. The Registrar of Deeds
  5. The South African Revenue Service
  6. The family, surviving spouse, heirs, and legatees

If the deceased person has a valid will, the Administration of Estates Act 66 of 1965  governs the process. If the person who passed does not have a valid will, the estate will be handled in terms of the Intestate Succession Act 81 of 1987. The estate will, in such circumstances, devolve upon the surviving spouse or the surviving spouse and children of the deceased and grandchildren (where a child has predeceased the deceased leaving children). Where there are no descendants, the parents will inherit, and the brothers and sisters will inherit in their absence.

Learn more about the Administration of Estates via the SARS website or watch SARS TV on YouTube for educational videos.

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Do you need more information?

Are you seeking guidance on trusts and estates or facing legal challenges in this area? Our team at S Verster Attorneys is here to help you. Fill out the form below to reach out to us. Whether you’re looking to establish a trust, create a will, or navigate the complexities of estate planning, we have the expertise and experience to provide personalised solutions tailored to your needs.

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