Chief Masters Directive 2018-01 [1.02mb] - Interest on Future maintenance and age of majority for purposes of Sec 91 Adverts as from 01 April 2018. The purpose of this directive is to ensure uniformity in respect of the way in which the Guardian's Fund deals with the following:
i) Interest on Future Maintenance Funds deposited with the Master and
ii) Age of majority when preparing the advertisement in terms of Section 91 of the Administration of Estate Act 66 of 1965 (the Act).
Also see Circular 90/2017: Determination of method of payment of fees under section 153 of the Insolvency Act; 1936; The regulations made under section 103 of the Sdministration of Estates Act. 1965 (Act 66 1965); the Regulations made under Section 15 of the Companies Act, 1973 (Act 61 of 1973); and the Regulations made under Section 24 of the Trust Property Control Act, 1988 (Act 57 of 1988): Collection of Masters' prescribed fees for Deceased and Insolvent Estates and Estates Under Curatorship, Trusts and Copies of Documents.
Chief Master's Directive 2011-04 [146KB] -
Section 28 (1) (c) of the Administration of Estates Act 66 of 1965 relates to Banking Accounts where an executor has to place funds from an estate which are not being immediately utilised into an interest bearing account with a bank.
Chief Master's Directive 2010-04 [RECALLED BY DIRECTIVE 2012/01] - Fees payable to the Master
Chief Master's Directive 2010-03 [RECALLED BY DIRECTIVE 2012/02] -
Keeping of Statistics in the office
Chief Master's Directive 2010-01 [82KB] -
Bonds in assetless Companies and Close Corporations
The purpose of this directive is to ensure a uniform approach by Masters
nationally in respect of the issue set out below in accordance with the
provisions of Section 2(a) of the Administration of Estates Act No 66 of
Chief Master Directive 2009-07 [119KB] - Bond Substitution
The purpose of this directive is to ensure a uniform approach by Masters nationally in respect of the issue listed below in accordance with the provisions of Section 2(a) of the Administration of Estates Act No 66 of 1965.