Aug-98 Ans

LEGAL PRACTITIONERS MID-TERM EXAMINATION AUGUST 1998. =========================================================================== 1.1 Letterhead date before 1/3/98 Master of High Court, Private Bag 13190 WINDHOEK re Estate late .......................... I regret to inform you of the death of ............. and enclose herewith the following documents to report his estate: 1/ 2/ 3/ 4/ 5/ 6/ 7/

death notice inventory original will declination of trust by .......... nominations by heirs acceptance of trust by ......... in duplicate bond of security for $1 000 000

I await the letters of executorship in due course. Yours faithfully, .................. =========================================================================== == 1.2 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 .............. .............. =========================================================================== =

1.3 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

67.00 8.00

2 Advertisement of account new Era Gazette

67.00 8.00

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

600.00 25000.00

8 G.S.T on executors fee 2500.00

2 7500.00

9 Avbob funeral expenses

6

4 000.00

8 Medi clinic

7

2 000.00

9 SWABOU mortage bond

8

161 000.00

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

FIDUCIARY ASSET ACCOUNT

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

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

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 ..............