100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
LLW2601 EXAM PACK 2024 QUESTIONS WITH DETAILED ANSWERS $18.49   Add to cart

Exam (elaborations)

LLW2601 EXAM PACK 2024 QUESTIONS WITH DETAILED ANSWERS

 10 views  0 purchase
  • Course
  • LLW2601
  • Institution
  • LLW2601

LLW2601 EXAM PACK 2024 QUESTIONS WITH DETAILED ANSWERS

Preview 1 out of 38  pages

  • September 5, 2024
  • 38
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • llw2601
  • LLW2601
  • LLW2601
avatar-seller
smartguide
LLW2601 EXAM PACK 2024
QUESTIONS WITH
DETAILED ANSWERS
COMPILED FROM RECENT PAST PAPERS




1. What is the difference between a testate and an intestate succession?
Answer:

● Testate Succession: Occurs when a person dies having left a valid will. The estate is
distributed according to the instructions in the will.
● Intestate Succession: Occurs when a person dies without a valid will. The estate is
distributed according to the rules set by law (intestate succession laws).

2. What are the requirements for a valid will in South Africa?
Answer: For a will to be valid in South Africa, it must meet the following requirements:

● It must be in writing.
● It must be signed by the testator (the person making the will) at the end of the document.
● The signing must be done in the presence of two or more witnesses who must also sign
the will in the presence of the testator.

3. Describe the concept of "testamentary capacity" and its importance in
succession law.
Answer: Testamentary Capacity refers to the mental ability of a person to understand the
nature and effect of their will at the time of making it. It is important because a will made by a
person who lacks testamentary capacity may be deemed invalid. For a person to have
testamentary capacity, they must understand:

● The nature of their estate.
● The claims of those who might reasonably expect to benefit from the estate.
● The legal effects of making a will.

4. What is a "legacy" and how does it differ from a "bequest"?
Answer:

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller smartguide. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $18.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

73918 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$18.49
  • (0)
  Add to cart