Administration process after issuing Letter of Executorship
A letter of Executorship has now been issued and the administration process can begin.
What you’ll learn
- Gathering of assets Opening of estate late banking account Establishment of creditors / creditor’s claims / when creditors get paid Write to financial instituti.
- Gathering of assets Opening of estate late banking account.
- Establishment of creditors / creditor’s claims / when creditors get paid.
- Write to financial institutions / banks / insurance companies.
Course Content
- Introduction –> 1 lecture • 17min.
- Deceased Estates Process Course: Process After LOE is issued –> 4 lectures • 1hr 32min.
Requirements
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:
- Gathering of assets
- Opening of estate late banking account
- Establishment of creditors / creditor’s claims / when creditors get paid
- Write to financial institutions / banks / insurance companies
- Vehicles
- Immovable property
All Included:
- Video presented course
- Downloadable course material
- Certificate of training
- SAIT Accredited – 4 verifiable CPD points
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About the Presenter:
Lise Muller
Lize is seasoned in the Administration of Deceased’s Estates as she has been administering deceased estates since 2001. Lize has an AIPSA Diploma in Insolvency Law and obtained a certificate in Administration of Deceased’s Estates, Continuing Legal Education and the Law Society of South Africa.
Lize has now decided to share her vast knowledge on the subject to learners wanting to embark on this journey.
Some achievements throughout her career:
over 220 appointments as Executor in both Testate and Intestate Estates
act in advisory capacity to other appointed Executors as to estate administrative requirements
have held appointments in various complicated Estates
various Estates which included successful High Court Litigation in relation to heir and beneficiary disputes
various Estates which included successful PIE Applications
assisted with International Estates, including UK, Germany, Scotland and Spain by obtaining local appointments
drafted over 2300 Wills
drafting of International Wills
accepted various nominations by First National Bank and other third parties as Executor
referral Estates from various Firms of Attorneys
assisting / acting as Administrator for various Firms of