{"product_id":"deceased-estates-advanced-insolvent-deceased-estates-self-study-course","title":"Deceased Estates Advanced: Insolvent Deceased Estates Self-Study Course","description":"\u003cp\u003eThis session deals with deceased estates where the liabilities exceed assets. Insolvent deceased estates require careful handling because the executor cannot simply proceed in the ordinary course of administration. The session explains how the executor identifies insolvency, reports it, communicates with creditors, and determines the appropriate administration route.\u003c\/p\u003e\n\u003cp\u003eThe focus is on the practical decision-making process and the risks that arise when an executor continues to administer an insolvent estate as if it were solvent.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cu\u003eKey Topics\u003c\/u\u003e\u003c\/p\u003e\n\u003col\u003e\n\u003cli\u003eIdentifying an Insolvent Deceased Estate\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003c\/ol\u003e\n\u003cul\u003e\n\u003cli\u003eDifference between illiquidity and insolvency.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eWhen an estate is unable to meet its liabilities.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eThe importance of the section 29 creditors’ notice.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eEvaluating claims after expiry of the claims period.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eDistinguishing disputed, secured, preferent, and concurrent claims.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003col\u003e\n\u003cli\u003eExecutor’s Duties When Insolvency Is Suspected\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003c\/ol\u003e\n\u003cul\u003e\n\u003cli\u003eDuty to investigate solvency.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eDuty to report insolvency to the Master.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eRisk of premature payments.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eAssessing each creditor’s claim.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eExecutor’s potential personal liability.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003col\u003e\n\u003cli\u003eReporting to the Master\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003c\/ol\u003e\n\u003cul\u003e\n\u003cli\u003eWhen the Master must be notified.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eInformation to be submitted to the Master.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eHow creditors must be notified.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eWhen to proceed under the Insolvency Act.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003col\u003e\n\u003cli\u003eCreditors and Ranking of Claims\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003c\/ol\u003e\n\u003cul\u003e\n\u003cli\u003eSecured creditors.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003ePreferent creditors.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eConcurrent creditors.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eFuneral and administration expenses.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eSARS as a creditor.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eMaintenance claims.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eBondholders and asset finance creditors.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003col\u003e\n\u003cli\u003eAssets in Insolvent Deceased Estates\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003c\/ol\u003e\n\u003cul\u003e\n\u003cli\u003eSale of immovable property.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eEffect of bonded property.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eVehicles under finance.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eBusiness assets.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eHousehold goods.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eAssets claimed by a surviving spouse or third party.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eAssets subject to security.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003col\u003e\n\u003cli\u003eEffect on Heirs and Beneficiaries\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003c\/ol\u003e\n\u003cul\u003e\n\u003cli\u003eWhy heirs do not inherit until creditors are settled.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eAbatement of benefits.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eNo distribution where estate is insolvent.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eDealing with family expectations.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eCommunicating difficult outcomes.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003col\u003e\n\u003cli\u003eDrafting Considerations\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003c\/ol\u003e\n\u003cul\u003e\n\u003cli\u003eHow insolvency affects the Liquidation and Distribution Account.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eReflecting claims and asset realisations.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eAdministration costs.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eShortfalls.\u003cu\u003e\u003c\/u\u003e\u003cu\u003e\u003c\/u\u003e\n\u003c\/li\u003e\n\u003cli\u003eFinalising an estate with no residue for heirs\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Van Jaarsveld Consulting","offers":[{"title":"Default Title","offer_id":68349329375483,"sku":null,"price":350.0,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0801\/3804\/3643\/files\/pleasecreateanimageofprofessionalpeopleinfrontofalaptopatadesk5.jpg?v=1792417353","url":"https:\/\/vanjaarsveldconsulting.com\/products\/deceased-estates-advanced-insolvent-deceased-estates-self-study-course","provider":"Van 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