Manesi Phakathi

Estate Administrator

Talent

Lynwood Glen, City of Tshwane Metropolitan Municipality280000 ZAR/hourMember since September 19, 2023

End to End deceased estate administrationAdministration of Estates Act complianceEstate duty, capital gain tax and income tax for the deceased estateLiquidation and Distribution AccountsFinal Statement and ReconBeneficiary communication and client relationshipAbility to work independently and in a teamProblem solving and analytical skillsStrong Planning and organizing SkillsRisk and Compliance and detail-orientedResilience and emotional intelligenceAdaptable, professionalLegal EaseCitrixBOL SystemMicrosoft Office SuiteEmail communicationTelephone ethicsBusiness Writing

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About

Estate administrator with more than 5 years' experience in end to end estate administration within banking and fiduciary services. Proven ability to manage complex estate end to end in compliance with the Administration of Estates Act, liaise with the master of the high court and SARS preparing liquidation and distribution accounts. My career included experience within three of South Africa's major banking institutions, and trust company as independence estate administrator, providing a strong understanding of fiduciary services.

Having also work independently, I have developed strong organizational, communication and skills together with the ability to manage multiple estate autonomously while maintaining professionalism, empathy and attention to detail.

Experience

Senior Estate Administrator at Legatee Trust Services (Pty) Limited (2022-09 – Present)

Managed end to end administration of deceased estate in line with the Administration of Estate Acts.
Compiling of the liquidation and distribution accounts.
Attending to tax matters of the deceased (Capital gain, Income Tax and estate duty)
Drafting statements and recons
Managing the safety of all valuable good for the clients and original Wills.
Send reporting documents to clients and financial advisors for both testate and Interstate Estates.
Collating information and capturing data on the system for all estate officers
Placing Section 29 and 35 Advert for Estates.
Payment of the claims in the estate
Settlement of claims against the estate from various creditors.
Safe maintenance of all valuable assets belonging to the estates.
Identify and resolve risk, including potential claim
Ensure timely distribution of assets and transferring of assets inline with the Will or interstate succession rules.

Estate Administrator at Absa Trust Limited (2018-06 – 2022-08)

Independently managed a portfolio of more than 363 files without assistant from inception to finalization
Drafting of Liquidation and distribution accounts.
Reconciliation of bank accounts.
Legal Transfer of movables and fixed properties from estates to Heirs.
Legal selling of movables and fixed properties in the estates.
Ensuring regular updates to Heirs.
Ensuring Legal Compliance of Estates with SARS requirements.
Distribution of Estates assets in terms of Act 66 of 1965 and/or Act 81 of 1987.
Safe maintenance of all valuable assets belonging to the estate.

Deceased Estate Department Assistant at Nedgroup Trust Limited (2012-04 – 2017-06)

Managing office support services to the estate department
Meeting with clients for the estate reporting
Managing the safety of all valuable good for the clients and original Wills.
Send reporting documents to clients and financial advisors for both testate and Interstate Estates.
Collating information and capturing data on the system for all estate officers
Placing Section 29 and 35 Advert for Estates.
Settlement of claims against the estate from various creditors.
Safe maintenance of all valuable assets belonging to the estates.
Providing interpretation for the clients make sure they understand the process.
Managing section 18(3) estates and estates and straight forward estates
Completing of the forms for the policies and for the shares, transfer documents etc.
Transferring of Assets