Bregmans Deceased Estates

We offer a free first consultation to discuss the speediest and most cost-effective way of finalising the deceased estate of your loved one. This will give you peace of mind during a period of grief.nnAn ‘estate’ refers to the deceased’s immovable and movable assets at the time of his or her passing away. The chief objective in the administration of a deceased estate is to hand over ownership of effects from the name of the deceased to the names of the recipients mentioned in the will.nnWhen a person passes away within the Republic leaving assets (or dies outside the Republic but has assets here), his or her estate must be managed and distributed in terms of the deceased’s last will and testament, or in the event of there being no valid will, in terms of the Intestate Succession Act (81 of 1987). The Administration of Estates Act, 66 of 1965 portrays the procedure which needs to be adhered to properly administer a deceased estate.nnThe Executor is allowed to a fee (laid down by law) of 3½% + VAT of the gross value of the estate and 6% plus VAT on any income earned. This fee is, however, negotiable. There are additional fees for any transfers of fixed property.nnFree of any complications, a deceased estate can be settled within a year.