Other
PVL2602 ASSIGNMENT 1 SEMESTER 1 - 2023
- Institution
- University Of South Africa (Unisa)
PVL2602 ASSIGNMENT 1 SEMESTER 1 - 2023 DUE DATE: 5 APRIL 2023
[Show more]
Content preview
PVL2602 ASSIGNMENT 1SEMESTER 1 - 2023
UNIQUE NUMBER:
DUE DATE: 5 APRIL 2023
, Question 1
Tom died intestate in 2022. Tom and his predeceased wife, Wendy, had four children,
namely Ayanda, Bongani, Charlotte (adopted) and Dumi. Ayanda had 3 daughters, Eve,
Fiona and Tara. Eve died in 2015. Ayanda constantly teased Charlotte about not being
their sibling because she was adopted. On 15 April 2010, their argument got out of hand
and Ayanda deliberately pushed Charlotte down the stairs, upon which Charlotte suffered
a severe head injury and died. Charlotte was survived by her son, Siya. Ayanda was
prosecuted and found guilty of murder. Ten years later, Tom died intestate, and his estate
was worth R 800 000.
Calculate how Tom’s estate will devolve and give reasons for your calculations.
Question 2
Teddy, who died intestate in October 2022, was married out community of property to
Wilma. The accrual system was applicable to the marriage and Teddy’s estate is entitled
to R200 000 accrual from Wilma. They had four children, Ada, Ben, Chris (adopted) and
Dumi. Ada, who died in 2015, had 3 daughters, Elma, Flora and Gaby. Chris, who died
2010, was survived by his son, Siya. Teddy’s estate was worth R 1 600 000.
Calculate how Teddy’s estate will devolve and give reasons for your calculations.
Question 3
Tom and Vicky were married in 2000. Tom made a valid will in 2013 in which he
bequeathed 50% of his estate to his wife Vicky and 50% to his children Xeno, Yvette and
Zandi in equal shares. Tom and Vicky were divorced five years later, in March 2018 and
Tom married Bongi three months later. Tom and Bongi were married in community of
property. When they were married, Tom’s estate was worth R50 000 and Bongi’s estate
was worth R2 000 000. Tom died three years after his marriage to Bongi. Bongi and Tom’s
joint estate was now worth R2 200 000.
(a) Calculate how Tom’s estate will devolve and give reasons for your calculations.
(b) Explain what Tom should have done during his lifetime to avoid the distribution of
the estate as in your answer at question 3(a).
1
The benefits of buying summaries with Stuvia:
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
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
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 this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Masters. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R50,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
52510 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now