Services
Estate Administration
DECEASED & INSOLVENT DECEASED ESTATES
Global Infinity Legal Services is a vibrant and dynamic company, established in 2011 as an experienced administrator providing assistance to attorneys, corporations, tax consultants, chartered accountants and individuals.
Global Infinity Legal Services has extensive capability based on vast combined individual expertise with more than 25 years of hands-on experience with SARS, which delivers services to small, mid-size and large organizations.
Losing a loved one can be overwhelming, let alone sorting through your loved one’s belongings.
To make things worse you may not know where to start and what to do. That is why we are here, to help you through the process while you and your loved ones take the time to grieve and heal.
Unfortunately, the world does not wait for us to come to terms with the loss and the change. Mercilessly, it carries us forward in the daily flow. Even though you do not have the strength to consider or entertain the idea of dealing with your loved one’s estate you are however compelled to have the deceased estate reported to the Master of the High Court within 14 days from the date of death.
Deceased and insolvent deceased estates.
A deceased estate comes into existence when a person dies testate or intestate. Testate is where the deceased had a will and intestate is where the deceased died without a will.
A deceased estate must be administered in terms of the Administration of deceased estate Act 66 of 1965.
There are four different types of deceased estates.
- Estate where there are no assets (to apply for a JM13)
- Estate where the asset value is below R250 000 (to apply for a letter of authority 18/3 estate)
- Estate where the asset value is above R250 000 (to apply for a letter of executorship 13/14 estate)
- Insolvent deceased estate, where the liabilities are more than the assets
When, by whom and where to report the estate?
We know it is very overwhelming. Take a deep breath. First, you will have to discover whether there was a will. If there was a will you will need the original will.
The estate must be reported to the Master within 14 (Fourteen) days from the date of death. The death is to be reported by any person who had control or possession of any property or document that is or intends to be a will, of the deceased.
A deceased estate is reported by lodging all the reporting documents at the Master of the High Court. If the estate is small enough it can be registered at the magistrate court.
Note! The Magistrates’ Office service points will only have jurisdiction if the deceased had no will and the gross value of the estate is less than R50 000.
For assistance with:
Deceased Estates, Drafting of Wills and Trusts.
Visit the website for Global Infinity Legal Services
