Once a Letter of Executorship has been issued, the real administration of the deceased estate begins. This practical course guides participants through the post-appointment responsibilities of executors, including asset collection, creditor management, estate banking, and administration procedures required to ensure the efficient winding-up of a deceased estate.
The issuing of a Letter of Executorship marks the beginning of the formal estate administration process. Executors and estate administrators must identify and secure assets, establish liabilities, communicate with financial institutions, and ensure that creditors are properly dealt with before any distribution can be made to heirs. This practical course examines the key steps that follow the appointment of an executor, including the opening of an estate late bank account, the management of creditor claims, and the administration of common assets such as vehicles, immovable property, investments, and bank accounts. Participants will gain practical insights into managing deceased estates efficiently while complying with legal and fiduciary obligations.
Key Topics Covered:
• Gathering of assets
• Opening of estate late banking account
• Establishment of creditors / creditor’s claims / when creditors get paid
• Write to financial institutions / banks / insurance companies
• Vehicles
• Immovable property
• Executors of Deceased Estates
• Estate Administrators
• Fiduciary Practitioners
• Attorneys and Candidate Attorneys
• Accountants and Bookkeepers
• Tax Practitioners
• Trust Officers and Estate Clerks
• Financial Planners and Wealth Advisors
• Professionals involved in deceased estate administration
• Anyone seeking a practical understanding of the estate administration process following the issuing of a Letter of Executorship
