LEGAL PRACTITIONERS SPECIAL EXAMINATION

AUGUST 1999.
===========================================================================
1.1
REDISTRIBUTION AGREEMENT.

_____________
/
/ $5.00 stamp/
/____________/
/

We the undersigned,
1/
2/
3/
4/

......................
......................
......................
................ assisted by ........... as natural guardian,

hereby agree to redistribute the estate of the late ............. as
follows:
............... will receive the movables valued at $100 000 as part of her
inheritance,
................ , .................., and ......... will receive their
share of the estate in cash.
Signed .................
.................
.................
............... Natural guardian of ...........
witnesses ..............
..............
===========================================================================
=
1.2
First and final liquidation and distribution account in the estate of the
late .................... i/d no ......... who died on .............
Estate no ..............
liquidation Account
ASSETS
1 Certain piece of land situated in Windhoek,
measuring ........... held by deed of transfer
no .............

1

400 000.00

Awarded and to be transfered to ..... in terms
of clause ... of the will
2

Household furniture

2

50 000.00

3

1996 Toyota sedan no N1234W

2

50 000.00

Assets 2 and 3 awarded to ....... in terms
of the will and redistribution agreement.

4

Current account Bank Windhoek

3

10 000.00

5

Proceeds fixed deposit no ..... Bank windhoek

3

490 000.00
---------1 000 000.00
============

LIABILITIES
1 Advertisement creditors
New era
Gazette

65.00
10.00

2 Advertisement of account
new Era
Gazette

65.00
10.00

150.00

3 Bank charges

100.00

4 D MATHEWS appraisement

4

500.00

5 ........ Transfer costs

5

2 000.00

6 Masters fee
7 Executors fee

3 000.00
35000.00

8 G.S.T on executors fee 3500.00

38 500.00

9 Avbob funeral expenses

6

4 000.00

8 Medi clinic

7

2 000.00

9 SWABOU mortage bond

8

..........

10 Sanlam bond premium

9

2 150.00

Balance for distribution

800 000.00
---------1000000.00
===========

RECAPULATION STATEMENT
Cash
Liabilities
Cash available for distribution

500 000.00
200 000.00
300 000.00
----------------------500 000.00 500 000.00
======================

Distribution account
Balance for distribution
To .............. surviving
Special bequest i.t.o.will
1/4 residue
Award consists of f/p
400
movables
100
500

800 000.00
spouse
400 000.00
100 ooo.00
000.00
000.00
000.00

To ...... married i c o p to ......
1/4 i.t.o. the will
Award consists of cash

100 000.00

to ...... married o c o p
marital power excluded
1/4 i.t.o. will
Award consists of cash

100 000.00

To ...... minor born .....
id no .......
1/4 i.t.o.will
Award consists of cash

100 000.00
---------800 000.00
==========

---------800 000.00
==========

INCOME ACCOUNT
Rentals received

8

Interest on bond
Executors commission
g s t

9

5 000 00
1 000.00
250.00
25.00

Balance for distribution awarded to
............. surviving spouse

3 725.00
-------5 000.00
========

-------5 000.00
========

FIDUCIARY ASSET ACCOUNT
No fiduciary assets
CERTIFICATE
I .............. hereby certify that the above account is true and correct
and that all assets and income collected to date of account has been
disclosed therein.
.....................

date ..............

===========================================================================
2.1
The personal and fiduciary assets are added together and the fee
calculated on the total. This amount is apportioned pro-rata between
the two accounts.
2.2

a/
b/
c/
d/
e/

nil
285
576
2 304
3 000

2.3

a/

350

b/

i/
ii/

if a greater amount is fixed by a will.
if Master allows a special fee.

c/

i/
ii/

If a lesser amount is fixed by will.
If the Master reduces the fee.

===========================================================================
==
3.1
a/
If the Majority of creditors in value AND number direct
the executor to surrender the estate.
b/
3.2

In an English and an Afrikaans newspaoer ,and the Government
Gazette for 14 days.

Estates in which the gross assets do not exceed 15 000.

Sign up to vote on this title
UsefulNot useful