Where the registered owner of immoveable property has died his or her property will need to be transferred to another person. An individual is appointed by the Master of the High Court. This individual is known as the executor/executrix. Such individual is the only person who is lawfully authorised and empowered to deal with the assets of the deceased. The purpose is to ensure an orderly winding up of the financial affairs of the deceased, and the protection of the financial interests of the heirs.
The property will often need to be transferred to an heir or beneficiary nominated in the Will of the deceased, however, sometimes it may be in terms of the Intestate Succession Act where there no will was left by the deceased.