There should not be any delay in the transfer from a deceased estate if the necessary attention is given to the following requirements:
It must, however, be noted that the estate administration process at the Master’s Office places additional requirements on the transfer. This includes issuing the Letter of Executorship and obtaining the Master’s consent by way of endorsement of the power of attorney to pass transfer, which can be time consuming.
Executor to sign the offer to purchase
It is paramount that the duly appointed executor (in terms of the Letter of Executorship) signs the offer to purchase in his capacity as executor together with any other co-owners of the property. The Master will not accept an offer to purchase should the date of sale pre-date the appointment of the executor in the Letters of Executorship.
Master of the High Court to approve the sale of the property
Application for the Master to approve the sale of the property in terms of Section 42(2) of the Administration of Estates Act, 66 of 1965 is to be made by the executor by completing form JM33 which will be provided by the transferring attorneys with signature of the transfer documents.
This application has to be accompanied by the following documents:
Written by Wessel de Kock