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aug-98 que

aug-98 que

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Published by André Le Roux

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Published by: André Le Roux on Jun 16, 2009
Copyright:Attribution Non-commercial

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05/11/2014

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1998
LEGAL PRACTITIONER'S MID-TERM EXAMINATION
PAPER 2.
MARKS 100
TIME
60
MINUTES.
==============================================================
=NOTE:
The answers to paper 2 must be kept separate from
the answers to paper 1.
Candidates must use their own facts where necessary.
==============================================================
==
QUESTION 1
100
--------------------------------------------------------------
-Your client who died on 15 January 1998 left a will reading as
follows:
"I bequeath my fixed property to my wife.
The residue of my estate I bequeath to my wife and my
three children in equal shares."
He left the following family:
a/
His wife to whom he was married out of community of
property,
b/
A daughter married in community of property,
c/
A daughter married out of community of property,
d/
A minor son.
The following are the assets and liabilities in his estate:
Assets:
a/
Fixed property situated in Windhoek valued at $400
000
b/
Furniture valued at $50 000,
c/
Motor vehicle valued at $50 000,
d/
Cash and investments in the bank of $500 000.
e/
Rental from fixed property after death $5 000,
Liabilities totalling $200 000 include:
a/
Funeral expenses $4 000,
b/
Medical expenses,
c/
Bond on fixed property of which $1 000 is in respect
of interest after death,
d/
Normal administration expenses.
The executor nominated in the will declined to accept the
appointment and the family wish you to be appointed.
As the movables can not be readily divided the heirs entered

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