The Master of the High Court supervises deceased estate administration in South Africa, while the executor or Master’s Representative carries out the administration.

Where an executor is appointed, the executor collects and safeguards assets, advertises for creditors, deals with claims and liabilities, attends to tax, prepares the Liquidation and Distribution account and distributes the estate when the statutory process permits. The Master appoints the executor, examines the account, deals with objections and exercises the supervisory powers given by the Administration of Estates Act.

Executors can be individuals or professional institutions, depending on the will, the Master’s appointment and the circumstances of the estate. A lay executor can also appoint an appropriately qualified agent or administrator to assist with the work, subject to the executor’s continuing legal responsibility.

When Wealth and Legacy Group drafts your will, it can take on the role of executor. It can also support you or your family’s appointed executor during administration, under a special power of attorney.

See also: Who is the head of the deceased estate? | How long does a deceased estate take?

Disclaimer: The information provided here is intended as general guidance only and does not constitute legal, tax, or financial advice. Every situation is unique, and legislation is subject to change. We invite you to reach out to our team at Wealth and Legacy Group for guidance tailored to your specific circumstances.