Transcription of PREPARATION OF LIQUIDATION AND DISTRIBUTION …
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PREPARATION OF LIQUIDATION AND DISTRIBUTION …
PREPARATION OF LIQUIDATION AND DISTRIBUTION ACCOUNTS IN. DECEASED ESTATES. CERIS R FIELD, FIELD'S ATTORNEYS. 40 UPPER CLARENS ROAD, FRESNAYE, CAPE TOWN. (021) 434-8820. DECEASED ESTATES. LIQUIDATION AND DISTRIBUTION . ACCOUNTS. INTRODUCTION. WHAT ARE L/D ACCOUNTS ? WHY DO WE HAVE TO DO THEM ? WHAT MUST GO INTO L/D ACCOUNTS ? ADMINISTRATION OF ESTATES ACT 66/1965. An executor shall, as soon as possible after the last day specified in the 29. advertisement but within 6 months of the date of issue of the Letters of Executorship / such further period as the Master may allow, submit to the Master an account in the prescribed form of the LIQUIDATION and DISTRIBUTION of the estate. LIQUIDATION meaning, dictionary definition NOUN. - the process of realising of assets and of discharging liabilities in concluding the affairs of a business or estate - the process of converting securities or commodities into cash - the state of being liquidated Copyright Ceris Field 2012.
2. liquidation account 3. cash recapitulation statement 4. distribution account 5. income and expenditure account 6. fiduciary assets account 7. estate duty account 8. executor’s certificate • heading purpose to introduce the deceased to the master set out deceased’s personal details - name - id number - marital status - date of death ...
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