MASTER OF THE HIGH COURT: Deceased Estates
   
 

Appraisers: Why you need them

When property has to be valued in a deceased estate, it is normally done by an appraiser.

Appraisers are appointed for specific areas by the Minister of Justice and Constitutional Development in terms of section 6 of the Administration of Estates Act no. 66 of 1965.  Appraisers are entitled to a reasonable remuneration which is determined by a prescribed tariff of fees.  When there is a dispute regarding the correctness of the remuneration charged, the appraisers account must be submitted to the Master for taxation.