1 reviews | Active since Jan 2017
Letter of executor from Masters
Attesting the monitory absurdity of obtaining a letter of executor not letter of authority as indicated in my previous review came to light while conversing with an acquaintance whose husband passed away last year 2022.
This widower is also experiencing the monitory pressure, trying to obtain this executor letter from the Masters. We are informed that, should one's assets be over R250-000-00 one has to request this letter through a lawyer not only that, the remaining family has to pop up exorbitant amount of money for transfer costs, six months rates and taxes and advertising fees.
Most individuals does not have any other means of income but, is still obligated to pay these amounts. The challenge is, these accumulated interest over time and if not dealt with soon, more money has to be popped up later as inflation play a huge role.
This R250-000-00 rule has to be done away with as certain individuals just don't have that kind of money.
Kind regards
