I am a member of the Wills, Estates, and Trust committee.
A question was raised at a meeting:
It appears that there can be fraud in the issue when changes are made to Letters of Executorship in deceased estates
We discussed the withholding of bank account details and policy numbers when you report an estate – and just to list the value of the assets
The Master only requires the information in the section 9 inventory (first inventory) when you report an estate, to determine if the value if the estate exceeds R250 000.00 – If less – an section 18 (3) letter of appointment will be issued.
Confirmed with a senior official at the Master –
When we report an estate over R250 000 they are just concerned that we list that values – not so worried about account and finer details –we can leave it out initially:
Meyer de Waal