WILLS & ESTATES
Q . CAN YOU PURCHASE A PROPERTY FROM A DECEASED ESTATE ?
The property in a deceased estate frequently provides good value for the money . Buyers who are interested in purchasing a home from a deceased estate should be aware of what to anticipate , as this procedure can occasionally be drawn-out and challenging .
As soon as the Master of the High Court issues the letters of executorship , the Executor of the deceased estate is appointed to manage the estate . The transfer or sale of any property is one of the Executor ' s administrative responsibilities .
A notice to debtors and creditors must be published in a local newspaper and the Government Gazette in certain types of deceased estates , requesting that they file their claims with the Executor within 30 days of the advertisement ' s publication . To find out if there is any property in the estate and whether it will be sold , those who are interested
78 SEPTEMBER 2022 SA Real Estate Investor Magazine