Deceased Estates: Redistributions

Complexities around the Redistribution Agreements of a Deceased Estate

What you'll learn

Background & legal requirements for RDAs

What is an RDA and how does it work

Legal requirements for RDAs

Who is required to enforce the RDA

Enforcement of the RDA

Requirements

No prior experience needed

Description

Today, the use of RDAs has expanded beyond its traditional purpose, and it now caters to various demands and new developments in testate, and intestate succession law.Beneficiaries can now "trade" their bequests through sale, exchange, or donation, and they can even bring-in non-estate assets to balance the redistribution, if they so wish.This course wishes to explore the complexities around the redistribution agreements of a Deceased Estate.Topics Discussed:Background & legal requirements for RDAsWhat is an RDA and how does it work?Legal requirements for redistributingWho enforces an RDA?What is the timeline of enforcing an RDA?What is an RDA and how does it work?What methods of redistribution is availableWhat if there are three beneficiaries?Practicality of sharing co-ownership of the assetsProhibition of award of farmland to more than one beneficiaryWhat solutions are available?Legal requirements for RDAsWhat are the Executor’s responsibilitiesLawfulness and unlawfulness of redistributionsWhat consent must be givenIs the L&D Account in line with the RDA’s awardsWho is required to enforce the RDA?S 14(1)(b)(iii) of the Deeds Act defines an RDA as an agreement entered into by beneficiaries and/or the surviving spouseThe executor transfer to awardEnforcement of the RDAAfter last inspection day in the advertisement notice of the L&D Account but only if no objections were submitted or all objections resolved [Ss 35(4) & (12)]Beneficiaries obtain vested rights in inheritance awardsExecutor required to finalize all payments and transfers. To be done - two months after the advertisement notice’s expired inspection periodExecutor must ensure that immovable property is registered and submit s 42(1) certificate, as proofMaster obliged to ensure the executor's required submission of proof of compliance

Overview

Section 1: Deceased Estates: Redistributions Course

Lecture 1 Part 1

Lecture 2 Downloadable Course Material

Lecture 3 Part 2

Lecture 4 Part 3

Lecture 5 Part 4

Estate Admins,Business professionals,Business owners