Deceased Estates: Process After Letter of Executor issued

Understanding the Administration of Deceased Estates: A Comprehensive Guide

A Letter of Executorship has been issued, signifying the start of the estate administration process. This session explores the key aspects of managing a deceased estate, highlighting the differences between an Executorship and a Letter of Authority. While a Letter of Authority involves less administrative burden, you remain responsible for handling all assets and liabilities.

What is a Deceased Estate?

A deceased estate encompasses all the deceased person's assets (property, bank accounts, investments, etc.) and liabilities (debts, loans, taxes, etc.). The primary goal of estate administration is to collect these assets, settle outstanding debts, and ultimately distribute the remaining funds to the rightful heirs. It's important to note that once the administration process is complete, the deceased can no longer own any assets or liabilities.

Topics Covered in this Course:

• Gathering Assets: Learn the systematic approach to identifying and collecting all assets belonging to the deceased.
• Opening a Late Banking Account: Understand the procedures for opening a bank account for the estate when the deceased's account is opened after their passing.
• Establishing Creditors: Discover how to identify and document all creditors and their claims against the estate. Learn the order in which creditors are paid.
• Writing to Financial Institutions: Effective communication strategies for contacting banks, insurance companies, and other financial institutions.
• Vehicles: Navigating the process of handling vehicles owned by the deceased.
• Immovable Property: Managing real estate and other immovable property within the estate.

What's Included:

• Video Presented Course: Engaging video lessons to guide you through the process.
• Downloadable Course Material: Comprehensive resources to support your learning.
• Certificate of Training: Receive a certificate upon completion.
• SAIT Accredited: Earn 4 verifiable CPD (Continuing Professional Development) points.

About the Presenter: Lise Muller

Lise Muller brings over two decades of experience in the 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. Lise is passionate about sharing her expertise with those embarking on this important career path.

Key Achievements:

• Extensive Executor Experience: Over 220 appointments as Executor in both Testate (with a will) and Intestate (without a will) estates.
• Advisory Role: Provides advisory support to other Executors on estate administrative requirements.
• Complex Estate Management: Experience managing various complex estates.
• Successful Litigation: Successfully navigated High Court Litigation related to heir and beneficiary disputes.
• PIE Applications: Successfully handled PIE (Probate Income Exception) Applications.
• International Estate Experience: Assisted with International Estates involving appointments in the UK, Germany, Scotland, and Spain.
• Wills Drafting: Drafted over 2300 Wills, including International Wills.
• Executor Nominations: Accepted Executor nominations from First National Bank and other third parties.
• Referral Estates: Received referrals from various Attorneys.
• Administrative Support: Assisted/acted as Administrator for various law firms.