Asked by mandy on 27-07-2021 11:57:43
Question posted in the General Law category relating to Eastern Cape
This is a deceased estate question.
The deceased was married in community of property. He is survived by his spouse and 4 children and he died intestate.
before the estate was reported to the master of the high court, the surviving spouse withdrew a huge amount of money out of the deceased's bank account. the children repudiated their shares. how do you deal with such in the liquidation and distribution account.
Answer to the Question
Posted by Att. Patrick on 30-07-2021 11:07:37
I see that you haven't made a payment for the question, but I'm going to assist you a little. If you want to ask a follow-up question, please make the required payment, even if it is R150 or R200.
You would need to include the money as an asset in the deceased's estate, but remember that there is a single estate, so the money would then be awarded to the surviving spouse!
Please remember this is a dialog if you have follow-up questions please make the required deposit, then use the REPLY button and ask your further question. I would like to continue assisting you, but I need to concentrate on people who make deposits for their questions - they get serviced first!
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