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Can an executor of a will be a beneficiary?
When drafting your will, there are certain key individuals who need to be listed. Among these are the executor and your beneficiaries. But can an executor of a will be a beneficiary?Legally, yes, but there’s a lot more ...Can you benefit from a will if you are an executor?
An executor, in their professional capacity may not benefit from a will, other than through the professional fees as governed by the industry. However, if the executor has been specified in the will as a beneficiary, then the executor will ...Can an executor of a will spend the money?
An executor may use the money within an estate for the payment of fees and costs related to the administration of the deceased estate. executors of wills are legally liable for the estate and are required by the Master of ...How do I claim from a deceased estate?
A claim against a deceased estate refers to a creditor laying a claim for outstanding debt against the deceased estate. According to South African regulation a creditor has two opportunities to lodge their claim. The executor will place ads in ...Can you sue an estate after probate?
In South Africa, a deceased estate is lodged with the Master of the High Court to obtain a Letter of Executorship. A creditor has two opportunities to lay a claim against the deceased estate. However, depending on the country (offshore), ...Do you pay Capital Gains Tax on a deceased estate?
The executor of an estate is required to disclose and submit the Capital Gains Tax calculation together with proof of documentation to the South African Revenue Services (SARS) as part of the annual income for the financial year in which ...