What Trustees should know about a deceased estate within a Sectional Title Scheme
Loading player...
When the owner of a property in a Sectional Title Scheme dies, the Master of the High Court appoints a trustee/executor to wind up their estate. This involves paying any outstanding debts, realising any assets, and distributing them according to the instructions contained in the deceased person’s will.
Ownership of the property remains with the deceased estate, and it is the trustee/executor who must fulfil any outstanding obligations that the deceased owner might have had as an owner in the scheme.
In the episode of Fitzanne’s Property Exchange, Pearl Scheltema talks to Attorney Dilen Heerschop, about the role and duty of the appointed trustee/executor when it comes to property in a Sectional Title Scheme and the payment of levies, handling of tenants, maintenance and more.
Ownership of the property remains with the deceased estate, and it is the trustee/executor who must fulfil any outstanding obligations that the deceased owner might have had as an owner in the scheme.
In the episode of Fitzanne’s Property Exchange, Pearl Scheltema talks to Attorney Dilen Heerschop, about the role and duty of the appointed trustee/executor when it comes to property in a Sectional Title Scheme and the payment of levies, handling of tenants, maintenance and more.
