BTW3300

South African administration of deceased and insolvent estates (6 points)

(BUS)

Leader: Ms Jeanne Nel and Ms Nazreen Shaik-Peremanov

Offered:
South Africa First semester 2004 (Day)
South Africa First semester 2005 (Day)

Synopsis:

Objectives: An introduction to the principles of estate duty and planning. An examination of the administration of deceased estates and insolvent estates including the following: Principles of testate and intestate succession, role of the Master of the High Court, executor's role and the executor's account, application for sequestration and acts of insolvency, consequences of sequestration, role of the trustee, trustee's accounts, preferential creditors, encumbered assets, contribution, claim withdrawal, composition, insolvent deceased estates and partnerships, grounds for and methods of winding-up companies and close corporations, judicial management and rehabilitation.

Assessment: Two written assignments (up to 1,500 words each): 15% each + Examination (3 hours, open book): 70%

Contact Hours: 2-hour lecture and one 1-hour tutorial per week

Prerequisites: BTW1201 and BTW2201