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QUESTION 1 [27]
Pieter Smit who was a member of the Rehoboth Baster Community, died intestate on 15 May 2010.. He was survived by
i His wife Anne, to whom he was married in community of property,
ii His daughter, Mary Adams,
iii Joan daughter of predeceased son Paul
iv John, Minor son of Paul
1.1 Draw up the letter to the Master reporting the estate listing all the necessary documents. The family wish
you to be appointed as executor. (12)
1.2 Draw up a redistibution agreement Each heir must receive the same monetary amount that they would have
received if it were possible to distribute the assets in speci. (15)
QUESTION 2 [61]
The will of Peter Thomas, dated June 2005, bequeaths his estate as follows
• A/ His Mercedes 220SE to my son Andrew
• B/ the residue of his estate to his four children
He also held the fiduciary interest in fixed property valued at $800 000. On his death, this had to be realized and distributed
between his four children
2.1 You were appointed as executor on 15th October 2009. You are unable to lodge the account which is now due. Using
your own facts, draft a letter to the Master applying for an extension of 2 months. (11)
2.2Draw up the Distribution Account of personal assets (35)
2.3Draw up the Fiduciary Asset Account. (15)
QUESTION 3 [12]
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