Executorships

The Risk of Doing Nothing!

There is only one big risk you should avoid at all costs, and that is the risk of doing nothing It is the master’s discretion in every estate/curatorship/trust to request security from the person handling the administration of the estate/curatorship/trust. As the guardian of all estates, the master’s job is to protect estate assets from unscrupulous…

Advantages of Using a Brokerage with a National Footprint

In the highly competitive insurance brokerage industry, service delivery is of utmost importance. At Shackleton Risk Management (“SRM”) we are able to provide our services nationally across South Africa. With offices in Johannesburg, Pretoria, Durban, Cape Town, Port Elizabeth, Bloemfontein and Nelspruit and representation in Grahamstown, Kimberley and Mmabatho, we are able to be the…

Punitive Costs Orders for Executors

Punitive costs orders for executors who fail to lodge accounts or perform their duties The Administration of Estates Act, 1965 (“the Act”) provides that if an executor fails to lodge any account with the Master as and when required to by the Act or to lodge any voucher or vouchers in support of such account…

How an Executor applies to be discharged by the Master and what the discharge means

How to .. In terms of section 56(1) of the Administration of Estates Act 66 of 1965 (“The Act”) an Executor may make application to the Master to be discharged from his duties as appointed Executor upon the completion of the liquidation and distribution of the deceased estate to the satisfaction of the Master subject…