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Can my child(ren) draw from their inheritance in the Guardian’s Fund?
Applicants may claim maintenance or allowances from the Guardian’s Fund. Visit the relevant Master of the High Court’s website for detailed information....What happens to my home if I die without a will?
Regardless of whether you have a will or not, your estate will still need to be administered when you pass away, and this will be overseen by an executor. However, when you pass away without a valid will (intestate), your ...Can an executor refuse to pay a beneficiary?
Yes, an executor has the authority to withhold paying an inheritance to a beneficiary of a trust or an heir or legatee, with valid reason. For example, if the executor deems the beneficiary incapable of managing their own finances and ...What does an executor of a will have to do?
The executor of a deceased estate should be named in a will and is responsible for making sure that all the legal aspects of the will are actioned. The executor is legally liable and accountable to the Master of the ...Do beneficiaries of a will have rights?
Yes. The beneficiary(ies) as stipulated in a will have many and various rights. With regards to the process of estate administration, a beneficiary may enquire of an executor or directly from the pffice of the Master of the High ...What is the standard fee for an executor of a will?
The Administration of Estates Act regulates executor fees by way of a set tariff of 3.5% (excl. VAT) of the gross value of assets in the estate, and 6% (excl. VAT) on all income received into the estate during ...