Search results
Results from the WOW.Com Content Network
The South African law of succession prescribes the rules which determine the devolution of a person's estate after his death, and all matters incidental thereto. It identifies the beneficiaries who are entitled to succeed to the deceased's estate, and the extent of the benefits they are to receive, and determines the different rights and duties that persons (for example, beneficiaries and ...
The legal question was whether the exercise of Mrs. Orpen's power of appointment in favour of Mr. Orpen, in terms of her father's will, was valid, and whether her spouse's deceased estate had obtained vested rights with regard to the twenty per cent trust capital that she bequeathed to him, regardless of the fact that she died before her father ...
FISA has approximately 700 individual members, who collectively manage assets in excess of R250 billion. They draft tens of thousand wills each year and administer around 50 percent of deceased estates reported to the offices of the Master of the High Court in South Africa. FISA also offers candidate membership for those wishing to enter the ...
X is the deceased in question. His estate is worth R300,000. F will receive his half share of R150,000. M is the deceased mother, so her half-share will be divided equally between her descendants. Therefore, C and A will each receive R75,000. In this case, the surviving parent is the sole heir.
The probate court will then oversee the process of distributing the deceased's assets to the proper beneficiaries. A probate court can be petitioned by interested parties in an estate, such as when a beneficiary feels that an estate is being mishandled. The court has the authority to compel an executor to give an account of their actions.
Testate succession exists under the law of succession in South Africa.. Testamentary succession takes place by virtue of either a will or a codicil: A will or testament is a declaration, in proper form, by a person known as the "testator" or "testatrix," as to how and to whom his or her property is to go after his or her death.
A scary, sobering look at fatal domestic violence in the United States
The present judgment was concerned with intestate deceased estates governed by section 23 of the Act only. All such estates had henceforth to be administered in terms of the present judgment. The question arose as to the role of the Master of the High Court, magistrates and other officials appointed by the Master.