(vii)Issues pursuant to Inheritance (Family Provisions) Act
(viii)Required number of Trustees
depends on person carrying out the business.
Every comp will have gdwill
( If negative entry, don\u2019t add but take away)
The total to be divided by issued and paid up shares (e.g. 50,000)
The quotient \u2013 value per share - is about $2.20. As the shares in private limited companies is not marketable,
Two other ways \u2013 price earnings ratio/ yield method (how mch comp can make by way of profits)
deceased\u2019s life without the production of any probate or letters of administration; and the insurer shall be
discharged from all liability in respect of the amount paid.
\u2026(6) In this section \u2014
(a) \u201cpolicy owner\u201d includes a part owner of a policy;
(b) \u201cproper claimant\u201d means a person who claims to be entitled to the sums in question as executor of the
deceased, or who claims to be entitled to that sum (whether for his own benefit or not) and is the widower,
widow, parent, child, brother, sister, nephew or niece of the deceased.
This action might not be possible to undo. Are you sure you want to continue?