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Personal Finance | Deceased estates: delays at the Master's office and banks frustrate beneficiaries

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Delays at the Master of the High Court and the banks are prolonging the winding down of estates even when there is a will.
Delays at the Master of the High Court and the banks are prolonging the winding down of estates even when there is a will.
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PERSONAL FINANCE

On these pages, we often encourage people to write up a will. This is a way to protect your loved ones and to ensure that your estate is concluded timeously. However, administration challenges at both the Master of the High Court’s office and the banks, have delayed the winding up of deceased estates even when there is a valid will.

A delay in the conclusion of an estate leads to additional costs, apart from families’ inability to access the funds or finalise their financial situation.

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