LEGAL PRACTITIONER'S EXAMINATION.
TIME 90 MINUTES
PAPER 2 ESTATES.
_In Namibia estates of deceased persons are administered in terms of different statutes.
In terms of which statutes are these estates administered?
Which officials supervise these estates?
Which estates are administered by each of these officials?
In terms of Act 66 of 1965,
Which estates need not be reported to the Master of the High Court?
Who must report an estate to the Master?
Which executors are obliged to furnish security to the Master before being appointd?
The Master has the discretion to insist on security in certain instances where the executor is exempted.
Name these instances?
When must an executor lodge a section 27 inventory?
What must be stated in an application for extension for lodgement of an estate account? (5)
What must be stated in the distribution account where the award is to:
A woman married in community of property?
A woman married out of community of property?
In terms of the deceased's will his estate was bequeathed 1/3rd each to his two sons John Smith and Peter Smith and
the balance to his two grand children George Smith and Joseph Smith.
During his lifetime the deceased donated $10 000 to each of his three children and $5 000 to each of his
He left the following family:
His wife Mary to whom he was married in community of property.
His two sons John and Peter.
His grand child George son of Peter.
His grand son Joseph son of his predeceased son William.
His estate consisted of cash and cash investments totalling $975 000.00.
The liabilities amounts to:
Funeral expenses $6 000.00.
Administration costs and other liabilities amounting to $63 000.00