here is what he does in South Africa: Master of the High CourtFunctions: In terms of the present Act the Master's Offices execute inter alia the following functions: The administration of estates of deceased and insolvent persons in accordance with the applicable statutory prescriptions. The protection of the interests of minors and legally incapacitated persons. The protection and administration of the funds of minors, contractually incapacitated and undetermined and absent heirs, which have been paid into the Guardian's Fund. The supervision of the administration of companies and close corporations in accordance with the relevant statutory prescriptions. The determination and assessment of estate duties in terms of the Estate Duty Act, 1955 (Act 45 of 1955), by virtue of a delegation by the South African Revenue Services. The supervision of trusts in terms of the Trust Property Control Act, 1988. The safeguarding of all documentary material received by the Master in respect of estates, insolvencies, liquidations, trusts, etc. The processing of enquiries by executors, attorneys, beneficiaries and other interested parties. The appointment of impartial and capable persons as executors, trustees, curators and liquidators.
|