DECEASED ESTATE ADMINISTRATION
A deceased estate comes into existence when a person dies leaving property or a document which is a will or purports to be a will. Such estate must then be administered and distributed in terms of the deceased’s will or failing a valid will, in terms of the Intestate Succession Act, 81 of 1987.
DECEASED ESTATE ADMINISTRATION
A deceased estate comes into existence when a person dies leaving property or a document which is a will or purports to be a will. Such estate must then be administered and distributed in terms of the deceased’s will or failing a valid will, in terms of the Intestate Succession Act, 81 of 1987.
How Can Triosol Help?
At Triosol, we understand how difficult it can be to handle everything after losing a loved one. Our deceased estate services are here to help. Our experienced professionals will take care of all the details, ensuring a smooth and stress-free process during this challenging time.
Here’s what we guarantee to provide:
- Expert Guidance: They know the ins and outs of dealing with deceased estates and can guide you through the whole process.
- Inventory and Valuation: They help make a list of all the things the person left behind and figure out how much they’re worth.
- Debt Management: They assist in identifying and dealing with any debts or bills left by the deceased person.
- Distribution Planning: They help decide who gets what from the estate, making sure it’s done fairly and according to the person’s wishes.
- Legal Support: If there are legal steps to follow, they’ll help navigate through them, ensuring everything is done correctly.
- Tax Handling: They make sure any taxes owed are sorted out properly, so there are no surprises.
Key Parts of Deceased Estates
Asset Inventory
This involves creating an inventory of all the assets the person left behind, such as bank accounts, property, and personal belongings.
Debts & Liabilities
This involves identifying and listing all the person's outstanding debts and financial liabilities.
Distribution of Assets
This involves allocating and distributing the person's assets to the designated beneficiaries based on a Will or, if there is no Will, according to intestate law.
Legal Processes
This involves adhering to and completing all the necessary legal procedures and requirements.
Tax Matters
This involves addressing and resolving all tax-related issues and obligations, such as Capital Gains Tax (CGT), donations, estate duty, and so forth.
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