Administration of Deceased Estates
Administration of Deceased Estates by FinMedSA
We know the struggle: the administration of a deceased estate can be a complex and emotionally taxing process. But don’t worry! FinMedSA offers specialised fiduciary support to ease this burden.
Why Choose FinMedSA for Deceased Estate Administration?
When it comes to the sensitive matter of deceased estate administration, FinMedSA is known for its meticulous attention to detail, compassionate service, and deep understanding of legal requirements. We are your trusted partner in this challenging time.
Deceased Estate Administration Process in South Africa
Understanding the deceased estate administration process in South Africa is vital for proper estate management. FinMedSA knows how to make sure that all legal requirements are met, whether the deceased had a will or the estate falls under the Intestate Succession Act.
Administration of Estates Process
At FinMedSA, we follow a structured administration of estates process that includes initial consultation, gathering all relevant documentation, and reporting to the Master of the High Court. We handle everything from correspondence with stakeholders to the placement of legal advertisements.
Step by Step Estate Administration
We believe in transparency and keep you informed at every stage. Our step-by-step estate administration process is designed to provide you with a clear understanding of what to expect – starting from the initial consultation up to the final distribution of assets.
Deceased Estates Consultant Near You
Looking for a local expert in deceased estate administration? FinMedSA is a leading deceased estates consultant near you who offers comprehensive services tailored to your needs.
Master of the High Court Deceased Estates
The Master of the High Court plays an important role in the deceased estate administration process. FinMedSA liaises closely with the Master of the High Court to guarantee that all legal requirements are met.
Fee Structure
Our fee structure is transparent and straightforward. We charge 3.5% on the gross value of the estate and 6% on any income to the estate. Additional costs like advertisements and Master’s fees are clearly communicated.
Deceased Estates Process at FinMedSA
The process is easy!
1
Send Your Information
Initiating our services is simple. Complete the form with all the relevant information to get started.
2
Evaluation
Upon receiving your enquiry, we assess and provide feedback within 48 hours for a swift and efficient process.
3
Solution
After the evaluation, we will arrange a Zoom or Google Meets meeting for our first consultation to discuss the next steps in detail.
Ask Us Anything. We’re by Your Side
Choosing FinMedSA for your deceased estate administration needs is your guarantee for a compassionate and legally sound experience. Our team of experts is committed to providing you with top-notch service. Contact us today for a personalised consultation and take the first step in securing peace of mind during a challenging time.
- Abraham Greyling Road, Bloemfontein
- info@finmedsa.co.za
- 065 106 6816
Detailed Process For Administration of deceased estates:
We focus on the administration of deceased estates, whether in terms of the deceased’s last will, or in terms of the Intestate Succession Act. We provide Specialised Fiduciary Support which includes amongst other things the following:
- Initial consultation, we will explain the process, timeframes and how the various assets in the estate are dealt with.
- Collect all relevant information and documentation to report the matter to the Master of the High Court to obtain Letters of Executorship/Letters of Authority (Estates with value of R250 000.00 and less) as soon as possible.
- Correspondence with all other stake holders, including SARS, debtors, creditors, heirs.
- Placement of legal advertisements.
- Opening of the estate late account.
- Settle the estate debt and claims in favour of/against the estate.
- Drafting of Liquidation and Distribution accounts/financial accounts.
- Once in a legal position to do so, distribute the estate by transferring assets, paying legacies and the residue as per the approved estate account.
- Obtain final clearance from SARS and the Master of the High Court.
- Transfer of fixed property (referred to attorney).
- End to end administration process.
- Obtaining filing notice to finalise the estate.
In the following instances we provide estate administration services under Power of Attorney:
- If the Executor must appoint an Agent (as directed by the master’s office), to assist with the Administration process and to take full responsibility for the associated duties.
- Where the deceased did not have a Will and an executor needs to be appointed to finalise the administration process.
Fee structure:
3,5% on the gross value of the estate.
6% on any income to the estate.
Please keep in mind there are costs pertaining to the administration of the deceased estate process:
- Advertisement costs.
- Transfer of fixed property.
- Master’s fees, etc.
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