Dreyer Engelbrecht Attorneys will be able to help you with winding up your deceased estate with our professional services. We will work closely with you and the masters office to ensure that estate is wound up.
We understand that the death of a loved one is an emotionally challenging time that unfortunately comes with stressful legal and financial consequences that many are powerless to handle.
The process of winding up an estate can be a tedious and lengthy task and it becomes necessary to have a professional, with the requisite knowledge and expertise, to help ease the burden.
An estate is consistent of the movable and immovable assets of the deceased at the time of their death. The purpose of administering the deceased estate is to ensure that ownership is transferred from the deceased to the named beneficiaries in the deceased’s last Will and Testament.
Winding up of estate includes reporting the estate to the master of the high court and following the legal procedures to ensure that there is timeous distribution of estate to all the beneficiaries. This can be broken down into the following steps:
- Applying for Letters of Executorship;
- Taking Control of the assets of the deceased;
- Advertising the estate to all creditors
- Paying creditors
- Preparing the Liquidation and Distribution Account
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