SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Administer and wind up the of estates of deceased persons 
SAQA US ID UNIT STANDARD TITLE
12981  Administer and wind up the of estates of deceased persons 
ORIGINATOR
SGB HET Accountancy and Financial Management 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
FASSET - Financial and Accounting Services SETA 
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
People credited with this unit standard are generally found within the general accounting field. On successful completion of the unit standard, people will be able to interpret and apply the laws and procedures relating to the administration of deceased persons within the context of financial management. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Unit standards in administration at NQF level 4. 

UNIT STANDARD RANGE 
N/A 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Demonstrate knowledge of the laws and procedures relating to the administration of estates. 
OUTCOME NOTES 
Demonstrate knowledge of the laws and procedures relating to the administration of estates of deceased persons. 
OUTCOME RANGE 
Estate Duty Act 1955, Succession Act 1934, Wills Act 1953. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The incidence of estate duty is explained to clients in accordance with the Estate Duty Act of 1955. 

ASSESSMENT CRITERION 2 
2. Donations tax, estate duty and estate planning is described to clients in a meaningful way in line with legal requirements. 

ASSESSMENT CRITERION 3 
3. The rights and duties of executors, administrators, tutors and curators are defined in relation to relevant legislation. 

SPECIFIC OUTCOME 2 
Administer and wind up an estate of a deceased person. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Clients are assisted in disposing of their estates through formal planning processes and in accordance with the relevant legislation. 

ASSESSMENT CRITERION 2 
2. Estates are administered and wound up in line with relevant legislation and generally accepted accounting practices (GAAP). 

ASSESSMENT CRITERION 3 
3. Clients are dealt with in a professional manner and with due consideration to the nature of their circumstances. 

SPECIFIC OUTCOME 3 
Prepare executors' accounts. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The full accounts of executors are prepared in line with GAAP. 
ASSESSMENT CRITERION RANGE 
Liquidation and distribution account, Joint estates, Limited interests in property, Income of a deceased person and its treatment in accounts, Masses estates, Insolvent deceased estates
 

ASSESSMENT CRITERION 2 
2. The books and accounts of the administrator are prepared and submitted in the winding up of an estate. 

ASSESSMENT CRITERION 3 
3. The books and accounts of tutors and curators are prepared and submitted in the winding up of the estate. 

ASSESSMENT CRITERION 4 
4. Estate related accounts are prepared and submitted in accordance with relevant legislation and GAAP. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
Accreditation for this unit standard shall be obtained from the relevant Education and Training Quality Assurance Body, through summative assessment by a registered assessor.

Moderation activity comments by SGB's, organisations and individuals may be forwarded to NSB03. 

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
A demonstrated understanding of:
  • Administration and winding up of the estates of deceased person
  • Preparation of executor's accounts
  • Estate planning

    Legal Requirements:
  • The Estate Duty Act 1955
  • The Succession Act 1934
  • The Wills Act 1953
  • Practice notes issued by the Commissioner and SARS

    Terminology:
  • GAAP - Generally Accepted Accounting Practice 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems in which responses display that responsible decisions using critical and creative thinking have been made. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, organise and critically evaluate information. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and language skills in the modes of oral and written presentations. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Be culturally and aesthetically sensitive across a range of social contexts. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  49598   National Diploma: Paralegal Practice  Level 5  NQF Level 05  Reregistered  2023-06-30  SAS SETA 
    Elective  36213   National Diploma: Technical Financial Accounting  Level 5  NQF Level 05  Reregistered  2023-06-30  FASSET 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. Training for Results (Pty) Ltd 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.