Nomination of executor and certified copy of the ID of person nominating the executor (in the case of an intestate will, or if no executor has been nominated in the will, or the nominated executor has died or declines the appointment).Inventory of assets and liabilities (form J243).Affidavit by next of kin (form J192) (if the deceased did not have a valid will).Original last will with codicils or documents intended as such (if the deceased person has a will).Antenuptial contract (if Married Out of Community of Property).Certified copy of marriage certificate, divorce order and settlement agreement, predeceased spouse’s death certificate (if applicable).Certified copy of the appointed Executor’s ID.Certified copy of the surviving spouse’s ID.

Note: A death certificate is issued by the Department of Home Affairs on receipt of a death notice, usually completed and signed by a medical doctor. Certified copy of the death certificate.Certified copy of the deceased’s identity document (ID).Documents required for estates exceeding R250 000 to obtain a Letter of Executorship An estate with a gross value of less than R250 000 needs a Letter of Authority (LoA). If an estate exceeds a gross value of R250 000, a Letter of Executorship (LoE) is issued. How is a deceased estate registered?ĭocuments required to register a deceased estate, and to eventually administer it, depend on the value of the estate. Who is allowed to report a deceased estate?Īny interested party is allowed to report the deceased estate, although, usually the appointed executor will report it. The deceased estate must be reported within 14 days from the date of death to the Master of the High Court in whose area of jurisdiction the deceased was normally living 12 months prior to his/her death. What happens to an estate when a person dies?Ī deceased estate comes into existence immediately when an individual die. Put differently, your estate is your net worth, in other words, it is the sum of all your assets less all your liabilities.Įxamples of assets: Cash, shares, property, legal rights, possessions.Įxamples of liabilities: Loans, mortgage bonds, bank overdrafts, creditors. Legally, it is everything you own, especially everything that is left when you die. Best banks for Forex Trading in South AfricaĮstate Planning – Your Questions Answered What is an estate?.What time the Forex Market opens in South Africa.Forex Traders to Follow on Youtube Forex Trader.

Basic estate planning checklist