Deceased Estates Process Course: Drafting of Liquidation and Distribution Account
How to Draft an L & D Account
Updated on Nov, 2023
Language - English
Lectures -2
Resources -1
Duration -1.5 hours
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Course Description
Once all the assets of the deceased are gathered and liabilities established, it is now required to lodge a Liquidation and Distribution Account (setting out all the assets and liabilities) to the Master of the High Court for inspection and approval.
Section 35 of the Administration of Estates Act requires you to lodge a Liquidation and Distribution Account to the Master of the High Court for inspection and approval within 6 (six) months after the Letters of Executorship has been issued.
Topics Discussed:
- Drafting of Liquidation and Distribution Account – Schedule 4 – Regulation 5
- Account to lay open for inspection – Magistrate’s Court
- Administration costs
- Possible cash contribution outstanding bond and the impact of the surviving spouse / co-owner
Goals
What will you learn in this course:
Topics Discussed:
- Drafting of Liquidation and Distribution Account – Schedule 4 – Regulation 5
- Account to lay open for inspection – Magistrate’s Court
- Administration costs
- Possible cash contribution outstanding bond and the impact of the surviving spouse / co-owner
Prerequisites
What are the prerequisites for this course?
No Prerequisites for this course
Curriculum
Check out the detailed breakdown of what’s inside the course
Drafting of Liquidation and Distribution Account
2 Lectures
-
Part 1
51:36
51:36
-
Part 2
39:49
39:49
Instructor Details
Bizfacility
Financial Training Since 2010Being from Bizfacility Financial training for over 10 years of providing training to accountants, bookkeepers and various business owners and companies, we also offer self-study courses to provide value adding knowledge, skills and tools through remote training and engagement that enables you to become more financially skilled.
We offer a variety of self- study courses, packages to provide understanding of all aspects of Bookkeeping, Accounting, Financial instruments, Management Accounting and Financial procedures that are essential for the running of a business.
As finance is a universal language, all online courses offered through UDEMY, are useful to anyone in the world as it complies with IFRS (International Framework of Reporting Standards) and does not include any country specific vat or tax content.
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