Estate Administration Tools

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🧮 Estate Duty Calc 📋 Master's Checklist 📄 Required Documents 📝 Draft J243 ⚖️ Intestate Calc 📈 CGT at Death 📊 Draft L&D Account 🏠 Property Transfer Costs 🛡️ Trust Compliance

Draft Liquidation & Distribution Account

The L&D Account is the final financial report submitted to the Master. It details all assets liquidated, debts paid, and how the net balance is distributed to heirs. Use this tool to generate a PDF formatted to the Master's layout requirements.

1. Estate Particulars

Master's Office Jurisdiction

Estate Marital / Spousal Status

Title of Account

In the Estate of the Late (Full Names)

Deceased Identity Number

Estate Number

Surviving Spouse Particulars (1st Death Transfers & Section 4(q) Rollover)

Surviving Spouse Full Names

Surviving Spouse ID Number

2. Assets (Liquidation Account)

List all assets. For marriages in community of property, list the full value of the joint estate assets.

Quick Add Asset:

Asset Description

Value (R)

Total Assets: R 0.00

3. Liabilities & Admin Expenses

Include Master's Fees, Executor's Remuneration, Advertising, Creditors, and any matrimonial claims.

Quick Add Claim / Deduction:

Liability Description

Amount (R)

Total Liabilities: R 0.00

Balance Available for Distribution: R 0.00

4. Recapitulation (Cash Position)

The Master requires proof that the estate has enough cash to cover the liabilities above without forcing the sale of assets intended for heirs.

Total Liquid Cash Available in the Estate (R)

Sum of all bank account balances, cash found, life policies paying to the estate, or cash contributed by the surviving spouse/heirs to cover a shortfall.

⚠️ Cash Shortfall Detected: The estate does not have enough cash to cover liabilities.

5. Distribution Account

How the Net Balance above is distributed to the surviving spouse, descendants, or legatees according to the Will or Intestate Succession Act.

1st Death Transfers to Spouse:

2nd Death Distribution Options:

Heir Name & Relationship / Basis of Award

Awarded Value (R)

Total Distributed: R 0.00

⚠️ Warning: Your Distribution total does not match the Balance Available. The Master will reject this account.

Generate Official L&D PDF

Enter your email to securely back up this draft and instantly download the formatted PDF ready for review.

TO THE MASTER OF THE HIGH COURT: PRETORIA

First and Final Liquidation and Distribution Account

In the Estate of the Late

_______________________

Identity Number: ________________

Master's Reference Number: ________________

LIQUIDATION ACCOUNT

Asset / Liability Description	Voucher No.	Assets (R)	Liabilities (R)
TOTALS		0.00	0.00
BALANCE FOR DISTRIBUTION		0.00

RECAPITULATION STATEMENT

(Demonstrating Cash Position of the Estate)

Total Cash Available in Estate	R 0.00
Less: Total Liabilities and Administration Costs	R 0.00
Cash Surplus / (Shortfall)	R 0.00

DISTRIBUTION ACCOUNT

Name of Heir and Relationship / Basis of Award	Award (R)
TOTAL DISTRIBUTED	0.00

CERTIFICATE BY EXECUTOR

I, the undersigned Executor, hereby declare that the above is a true and proper account of my administration of this estate, and that to the best of my knowledge and belief, all assets and liabilities have been disclosed herein.


Signature of Executor		Date

Drafted via EstateDuty.co.za | This document requires formal review and signature before submission to the Master.

Formatting L&D Account...