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Survivorship (administration without a grant for joint assets)
In some cases, a grant of Probate or a grant of Letters of Administration is not required. This is usually the case with Spouses who jointly owned all assets of the Estate.
Where an asset is jointly owned and one co-owner dies the share of the deceased person passes automatically to the surviving co-owner. There is what is called a “right of survivorship”.
If you are the sole survivor of real property, then the team at ALA Law can assist you to effect survivorship of that property into your name without the need for Probate.
This is affected through a Notice of Death which is done online with PEXA.
The cost associated with this process is minimal when compared to the Cost of grant from the Supreme Court.
The team at ALA law can assist you to effect survivorship of jointly held accounts be liaising directly with the Deceased Estates team of each bank.
This is done by providing a certified copy of the Death certificate of the Deceased to the bank, who will then attend to rolling the accounts to the survivor.