Oct 2006 Ans

OCTOBER 2006 ANSWERS REDISTRIBUTION AGREEMENT. / / / $5.00 stamp/ /____________/ We the undersigned,

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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, ................ , . will receive ………… ................., will receive …………. .………...... will receive ………… Signed .. ............... ................. ................. ............... Natural guardian of ........... witnesses .............. .............. ================================================================== 1.2 LIABILITIES 1 Advertisement creditors New era Gazette 2 Advertisement of account new Era Gazette 3 Bank charges 4 D Mathews appraisement 5 ........ Transfer costs 6 Masters fee 7 Executors fee 8 VAT on executors fee 9 Avbob funeral expenses 9 ………mortage bond 10 ………bond premium Balance for distribution

[15] ……. 20.00 ……. 20.00 4 5

6 8 9

……… ………. 500.00 2 000.00 3 000.00 49 000.00 7 350.00 8 000.00 .......... 2 150.00 1 200 000.00 1 400 000.00 ===========

Distribution account Balance for distribution To .............. surviving spouse Special bequest i.t.o.will 1/4 residue Award consists of f/p 800 000.00 movables 100 000.00 900 000.00

[20] 1 200 000.00 800 000.00 100 000.00

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 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 ---------1 200 000.00 ==========

INCOME ACCOUNT

1 200 000.00 ========== [15]

………..Rentals received ………. Interest on fixed deposit

8 9

Interest on bond Executors commission VAT

10

Balance for distribution awarded to ............. surviving spouse rentals less costs 3 655.00 ¼ balance 4 655.00 to ………….. ¼ balance 4 655.00 to ………….. ¼ balance 4 655.00 to ………….. ¼ balance 4 655.00

----------

5 000 00 20 000.00 1 000.00 1 500.00 225.00

22 375.00 25 000.00 ========

25 000.00 ========

Question 2

14 LETTER HEAD Date prior to 10th September

The Master of the High Court WINDHOEK Re Estate Late Tomas Brown

Estate no 123/06

The liquidation account in the above estate is due on 10th September but for the following reasons I am unable to lodge same and request an extension of 2 months. A/ B/ C/ D/ E/

reasons steps taken to expedite submission and what progress made progress on liquidation of estate moneys on hand and why intrim account cannot be lodged if no report ito 34 is estate solvent.

…………………….. signature

QUESTION 3 3A Distribution Account Balance for distribution To Sara van Wyk surviving spouse ½ by virtue of marriage ICOP 60 000 ½ of balance ito sec 1(c) 30 000 + 1/3 10 000 to Peter Van Wyk 2/3 ito sec 1(c) subject to the usufruct of the S/S 3B

[13] 120 000.00

100 000 20 000

ITO sec1(e) The matter shall be placed before the Magistrate and Advisory council who may give such directions in regard to the disposal of the assets as may seem to them proper. Problems No guidelines laid down Advisory Council no ;longer exists. Is the Master now substituted in matters under the direction of the Master?

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