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ZUG3006 – Administration of deceased estates and wills

Undergraduate – Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

School

Business and Economics

Offered

South Africa

  • Second Semester 2019 (Day)

15 Credits

Synopsis

The principal aim of this unit is to provide students with the theoretical underpinnings and the procedure attached to the administration of deceased estates and wills in South African law. It introduces the principles of testate and intestate succession, the content of wills, the purpose of trusts, the Master and the executor’s role. The executor’s account and estate duty, tutors, curators and guardians fund.

Outcomes

  • Appraise the requirements of various legislation that applies to deceased estates.
  • Explain the content of wills and the formalities in their execution and amendment.
  • Explain the role of trusts (mortis causa).
  • Apply the relevant legislation in administering a deceased estate.
  • Compile an executor’s account as required by the Administration of Estates Act.
  • Apply estate duty as required by the Estate Duty Act

Assessment

Within semester assessment: 40%
Examination: 60%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 150 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Chief examiner(s)

To be announced

Prohibitions

None

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