LIQUIDATION ACCOUNT ASSETS - springer-nel.co.za

1 Page 1 FIRST AND FINAL LIQUIDATION AND DISTRIBUTION ACCOUNT IN THE ESTATE OF THE LATEANNE EXAMPLE(IDENTITY NO. XXX) AND PAUL EXAMPLE (IDENTITY NO. XXX) TO WHOM THE DECEASED WAS MARRIEDIN COMMUNITY OF PROPERTY OF XXX, CAPE TOWN WHO DIED ON 13 JANUARY 2016 ESTATE NUMBER: 011118/2015 LIQUIDATION ACCOUNTASSETSIMMOVABLE PROPERTY - AWARDED AS PER DISTRIBUTION ACCOUNTERF XX, SALT RIVER, CAPE TOWN (XXX, SALT RIVER), MEASURING 670 1 SQUARE METRES IN EXTENT 2,100, 2,100, by T1111/XXXXX, CAPE TOWNCLAIMS IN FAVOUR OF THE ESTATE -AWARDED AS PER DISTRIBUTION ACCOUNT 2 ABSA BANK BALANCED INVESTMENT NO: 0099 200, 3 STANDARD BANK SAVINGS ACC.

2 9999 112, 312, IN FAVOUR OF THE ESTATE - COLLECTED 4 ABSA BANK CURRENT ACC: 0000 50, 50, ASSETSR 2,462, COSTSA dvertisement costs for creditors: 5 Government Gazette 6 Cape Times costs for LIQUIDATION and Distribution ACCOUNT : 7 Cape Times 2 Master's fees as per tariff 's remuneration @ on R2,462, 86, @ on Executor's remuneration 12, 8 CONVEYANCER - CONVEYANCING FEES 19, 120, LIABILITIES 120, DUTY FOR DISTRIBUTION 2,341, 2,462, STATEMENTT otal cash and ASSETS collected as cash ( ASSETS 4)

3 50, administration expenses and claims 120, shortfall to be paid by PAUL EXAMPLE 70, 120, 120, ACCOUNTB alance brought forward from LIQUIDATION ACCOUNT 2,341, BEQUESTSTo PAUL EXAMPLE (surviving spouse), Widower 1,150, ERF XX, SALT RIVERCLAUSE 5 OF THE LAST WILL AND TESTAMENT(Item No. 1) 1,050, BANK - BALANCED INVESTMENT NO: 0099(Item No. 2) 100, RESIDUETo PAUL EXAMPLE (surviving spouse)A 1/2 share of the estate by virtue of the marriage in community ofproperty to the deceased 1,170, residue of the estate in terms of the undermentioned Will 20, 3In compliance with Regulation 5(1)(e)(iii) note that the above residueawards consists of exactly the same ASSETS listed below and is inheritedin the fraction indicated next to the heir's name above:STANDARD BANK - SAVINGS ACC: 9999 (Item No.)

4 3) 112, shortfall -70, spouse's balance of special bequest(s) listedabove in terms of marriage in community of property tothe deceased 1,150, 1,191, above-mentioned awards are made in terms of the Last Will andTestament of the Deceased dated 16 November 2015 and subject to anyconditions contained therein. 2,341, 2,341, AND EXPENDITURE ACCOUNTFOR THE PERIOD 13 JANUARY 2016 TO 29 FEBRUARY 2016 NoneFOR THE PERIOD 1 MARCH 2016 TO 14 MARCH 2016 NoneFIDUCIARY ASSETS ACCOUNTNoneESTATE DUTYPLEASE NOTE: The calculations and the ACCOUNT number references beloware quoted as per the prescribed Estate Duty Return Form ( ).

5 ACCOUNT 1 Total ASSETS as per FIRST AND FINAL LIQUIDATION ACCOUNT 2,462, : Surviving Spouse's 1/2 share in terms of the marriage in communityof property 1,231, 1,231, OF ACCOUNT 1R 1,231, 2 Page 4 NoneTOTAL OF ACCOUNT 2R 3 Total Liabilities as per LIQUIDATION ACCOUNT 120, : Surviving spouse's 1/2 share in terms of themarriage in community of property 60, 60, 60, : Cash legacy(ies)/special bequest(s) accruing to the surviving spouse(Section 4(q)) 1,150, fraction of the residue/the residue is inherited by the surviving spouseand requires detailed calculations:Total of ACCOUNT 1 of the Estate Duty Return 1,231, : Total of ACCOUNT 2 of the Estate Duty Return : Liabilities as calculated above 60, DUTIABLE ESTATE: 1,170.

6 Special bequests and cash legacies to allbeneficiaries 1,150, of residue (which excludes special bequests andcash legacies) to surviving spouse 20, : Value of other ASSETS /rights accruing to surviving spouse(Section 4(q)) 20, : In terms of The Taxation Laws Amendments Act, No. 17 of 2009, theSection 4A rebate is rolled over for use in the future estate of the survivingspouse in this OF ACCOUNT 3 1,231, of all property of the Deceased - as per ACCOUNT 1 1,231, : Value of deemed property of the Deceased - as per ACCOUNT 2 1,231.

7 Deductions claimed - as per ACCOUNT 3 1,231, AMOUNTR ESTATE DUTY PAYABLEEXECUTOR'S CERTIFICATEPage 5I, the undersigned, hereby declare that to the best of my knowledge and beliefthis ACCOUNT is a true and proper ACCOUNT of the LIQUIDATION and Distribution ofthis estate and that all the ASSETS , liabilities and income subsequent to thedate of death have been disclosed SPRINGERDATED at CAPE TOWN on 14 March 2016