Asked by Dan on 25-03-2023 10:25:59
Question posted in the General Law category relating to Northern Cape
A dies and his entire estate is left to B in a legal will. A had 2 policies that had B as the only benificiary. the policies are with Sanlam who normally pays out within 48 hours. The executor of this estate asked a certain person at a local lawayers office to sort out this estate. It has been 3 months and nothing has happened. This person who is handling the estate now says the 2 policies (although B is the designated benificiary ) must be paid into the estate. I have a problem with this as this action increases the value of the estate and thus increases the "renumeration" of the excecutor/person handling the estate. {wich I understand is a max of 3.5% of the total value of the estate} Please advise.
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