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  /Title (succession-law-study-unit-one.pdf)
  /Creator (Cheatography)
  /Author (Euphoria\_)
  /Subject (Succession Law: Study Unit One Cheat Sheet)
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    \vspace{-2pt}\large{\bf{\textcolor{DarkBackground}{\textrm{Succession Law: Study Unit One Cheat Sheet}}}} \\
    \normalsize{by \textcolor{DarkBackground}{Euphoria\_} via \textcolor{DarkBackground}{\uline{cheatography.com/38396/cs/31526/}}}
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  \mymulticolumn{2}{p{5.377cm}}{\bf\textcolor{white}{Cheatographer}}  \\
  \vspace{-2pt}Euphoria\_ \\
  \uline{cheatography.com/euphoria} \\
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  \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Cheat Sheet}}  \\
   \vspace{-2pt}Published 5th April, 2022.\\
   Updated 5th April, 2022.\\
   Page {\thepage} of \pageref{LastPage}.
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  Measure your website readability!\\
  www.readability-score.com
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\begin{multicols*}{3}

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\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Three Branches of LoS}}  \tn
% Row 0
\SetRowColor{LightBackground}
{\bf{Testate Succession}} & When deceased has left a will \tn 
% Row Count 2 (+ 2)
% Row 1
\SetRowColor{white}
{\bf{Intestate Succession}} & Applies in absence of a will \tn 
% Row Count 4 (+ 2)
% Row 2
\SetRowColor{LightBackground}
{\bf{Succession by contract}} & Antenuptual contract and Donations only accepted contracts. \tn 
% Row Count 7 (+ 3)
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\par\addvspace{1.3em}

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\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{Terminology}}  \tn
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{\bf{Legatee:}} & Beneficiary who receives specific a asset/s. \tn 
% Row Count 2 (+ 2)
% Row 1
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{\bf{Legacy}} & The particular asset/s a legatee revieves. \tn 
% Row Count 4 (+ 2)
% Row 2
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{\bf{Heir}} & Beneficiary who receives residue of estate once legacies are distributed. = successor/beneficary \tn 
% Row Count 8 (+ 4)
% Row 3
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{\bf{Inheritance}} & Benefit that goes to heir \tn 
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% Row 4
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{\bf{Freedom of Testation}} & Deceased can divide asset however they please. This is limited. \tn 
% Row Count 13 (+ 3)
% Row 5
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{\bf{Commorientes}} & People who died simultaneously. \tn 
% Row Count 15 (+ 2)
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\mymulticolumn{2}{x{5.377cm}}{\bf\textcolor{white}{The Administration of a Decease Estates}}  \tn
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\mymulticolumn{2}{x{5.377cm}}{Regulated by {\bf{Administration of Estates Act 66 of 1965}}. Two Important Functionaries:} \tn 
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{\bf{ The Master of the High Court}} & {\bf{The executer}} \tn 
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Supervises administration process & Party who actually administers estate \tn 
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Has an advisory function to the executer. & Usually nominated in will ({\bf{executer testamentary}}) - If not, {\bf{executer dative}}) \tn 
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 & Must be issued letter of executorship \tn 
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{Functions of the Executor}}  \tn
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\mymulticolumn{1}{x{5.377cm}}{1. Complete and lodge Estate documents  (i.e death notice, will etc.) with the Master} \tn 
% Row Count 2 (+ 2)
% Row 1
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\mymulticolumn{1}{x{5.377cm}}{2. Advertised to the deceased creditors to submit claims to the estate \& pay claims with cash/equity in estate.} \tn 
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% Row 2
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\mymulticolumn{1}{x{5.377cm}}{3. Prepare the L\&D account (made up of above information). Lies open for 21 days at Masters and district's magistrate office. Finalised if no objection.} \tn 
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{Succession and Ownership}}  \tn
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\mymulticolumn{1}{x{5.377cm}}{Succession is note a mode of acquisition of ownership.} \tn 
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% Row 1
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\mymulticolumn{1}{x{5.377cm}}{{\bf{Greenburg v Estate Greenburg}}: Instead, the successor acquires a {\emph{personal right to claim from the executor at some future date delivery of the legacy}}.} \tn 
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% Row 2
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\mymulticolumn{1}{x{5.377cm}}{This future date is once the l\&D account is confirmed is the transfer of ownership enforcable.} \tn 
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% Row 3
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\mymulticolumn{1}{x{5.377cm}}{{\bf{Dies Venit}}: The moment when a successor can claim the transfer of an asset from executor.} \tn 
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\mymulticolumn{1}{x{5.377cm}}{\bf\textcolor{white}{Requirements for succession}}  \tn
% Row 0
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\mymulticolumn{1}{x{5.377cm}}{1. The estate owner must have dies/must be legally presumed dead.} \tn 
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% Row 1
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\mymulticolumn{1}{x{5.377cm}}{2. Successor must be born at the moment of {\bf{dies cedit}} OR must have been conceived and born alive.} \tn 
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% Row 2
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\mymulticolumn{1}{x{5.377cm}}{3. Successor must have survived the deceased.} \tn 
% Row Count 6 (+ 1)
% Row 3
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\mymulticolumn{1}{x{5.377cm}}{4. Beneficiary must be competent to receive benefit.} \tn 
% Row Count 8 (+ 2)
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% That's all folks
\end{multicols*}

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