Deceased Estates - Drafting of Liquidation

Understanding the Liquidation and Distribution Account is a crucial step in administering a deceased estate in South Africa. After gathering all assets and identifying liabilities, you must submit a comprehensive Liquidation and Distribution Account to the Master of the High Court for review and approval. This account details all assets and liabilities.

As mandated by Section 35 of the Administration of Estates Act, this account must be lodged within 6 months of the issuance of Letters of Executorship.

This course provides a detailed walkthrough of the Liquidation and Distribution Account process, covering essential aspects including:

• Drafting the Liquidation and Distribution Account: A deep dive into Schedule 4, Regulation 5, ensuring accurate and compliant documentation.
• Account Inspection: Understanding the requirements for making the account available for inspection at the Magistrate’s Court.
• Administration Costs: A clear explanation of allowable administration expenses.
• Outstanding Bonds: Addressing potential outstanding bond amounts and their impact on the surviving spouse or co-owner.

What's Included:

• Comprehensive video presentation
• Downloadable course materials
• Certificate of training
• SAIT Accredited – Earn 4 verifiable CPD points

About the Presenter: Lize Muller

Lize Muller brings over 20 years of experience in Administration of Deceased Estates, having been actively involved since 2001. She holds an AIPSA Diploma in Insolvency Law and a certificate in Administration of Deceased’s Estates, Continuing Legal Education, and from the Law Society of South Africa. Lize is dedicated to sharing her extensive knowledge to guide those entering this field.

Key Achievements:

• Over 220 appointments as Executor in both Testate and Intestate Estates.
• Providing advisory support to other Executors on estate administration requirements.
• Experience managing complex estates and successfully navigating High Court litigation related to heir and beneficiary disputes.
• Successfully managed various estates including PIE Applications.
• Experience with International Estates (UK, Germany, Scotland, Spain) including obtaining local appointments.
• Drafted over 2300 Wills.
• Drafting of International Wills.
• Nominated by First National Bank and other third parties as Executor.
• Referral Estates from various Attorneys.
• Assisting/Acting as Administrator for various Firms of Attorneys.