Ademption clause - Study guides, Class notes & Summaries

PVL2602 LAW OF SUCCESSION NOTES.Latest Last document update:   ago

Definitions Law of Succession A branch of private law, it comprises of those legal rules or norms which regulate the devolution of a deceased person’s estate Testate occurs when succession is regulated by a valid will in which the testator provides how succession to his or her estate is to take place Intestate When the testator dies without leaving a will at all or a valid will testamentary writing a document which defines any one of the three essential elements of a bequest: (Ex P...

PVL2602 SUMMARY NOTES.pdf Last document update:   ago

1 LAW OF SUCCESSION STUDY UNIT 1 INTRODUCTION:  Forms part of Private Law  Comprises legal rules that determine what happens to a person’s estate after his death.  Rules of succession identify the persons entitled to succeed the deceased (the beneficiaries) and the extent of the benefits (inheritance / legacies) they are to receive.  Also includes the rights and duties of the beneficiaries & creditors may have over deceased estate.  Succession takes place in 3 ways: ...