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Calculate your liquidity

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To ensure that your executor has sufficient cash funds to pay all administration costs, claims against the estate, taxes and cash bequests, the following liquidity calculation can be used:

Provisional administration:

Assets (current realistic values)

Fixed property(ies)
Farming implements and interests in Co-operative Societies
Furniture and household goods
Vehicle (s)
Firearms
Listed shares / Unit Trusts
Shares in private company(ies)
Membership interest in closed corporation(s)
Loan accounts due by private company (ies) or
Closed corporation (s)
Interest in Partnerships
Sole proprietor: furniture and equipment
  Stock
Outstanding creditors
Balances in all fixed deposits at banks, etc.*
Balances on all savings / current accounts*
Proceeds of insurance policies payable to estate
(including policies ceded to the bank for security)*  
Loans due to estate still to be collected
All other claims due to estate*
Total assets

Deduct: Liabilities		  
Estimated administration expenses
Estimated funeral expenses
Bond(s) over fixed property (ies)
Credit agreements / loans
Bank overdraft (s)
Estimated income tax
Sureties
Total cash bequests (wishes according to will)
Other obligations (medical expenses, general accounts and any other outstanding obligations
Total liabilities**
Net estate for distribution (assets minus liabilities)

Cash reconciliation		  
Cash assets and assets to be collected - (see * above)
Deduct : total liabilities and obligations - (see ** above)
Balance of cash available / shortfall

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