What is the process for reporting a deceased estate in South Africa?

An estate must be reported to the Master of the High Court within 14 days of death. We assist with the entire process, from obtaining the Letters of Executorship to the final distribution of assets.

Why should I use an attorney to administer a deceased estate?

Administering an estate is a complex legal process involving tax compliance, creditor notifications, and formal accounting. As LPC-regulated attorneys, we ensure the estate is managed according to the Administration of Estates Act, protecting the interests of heirs and executors.

How long does it take to wind up a deceased estate?

While timelines vary depending on the complexity of the assets, a standard estate typically takes between 6 to 12 months to finalize through the Master's Office.

Estate Duty FAQs South Africa | Louwrens Koen Attorneys

Deceased Estate Duty and Tax Implications in South Africa

What Is Estate Duty in South Africa?

Estate Duty is a tax on the net value of a deceased estate, charged at 20% on the first R30 million and 25% thereafter, after deductions and exemptions.

Are There Exemptions or Deductions for Estate Duty?

Yes, exemptions include a R3.5 million abatement per estate, bequests to a surviving spouse, and certain charitable donations. Deductions cover liabilities, funeral costs, and administration expenses.

Who Is Responsible for Paying Estate Duty?

The Executor or Master’s Representative pays estate duty from the estate’s assets before distributing to beneficiaries.

Do All Deceased Estates Pay Estate Duty?

No, estates with a net value below the R3.5 million abatement (after deductions) are exempt from estate duty.

Are Beneficiaries Taxed on Their Inheritance?

Inheritances are generally exempt from personal income tax for beneficiaries. However, income generated from inherited assets (e.g., rental income) may be taxable, and CGT may apply if assets are sold later.