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2. If Peter and Joan had 2 children, Jack and Jill, what would Joan’s inheritance be?
Peter’s estate = R600,000 * 50% = R300,000
Joan will inherit the greater of a child’s portion or R250,000
Childs portion: R300,000/3 = R100,000
Therefore Joan will receive R250,000 (greater of R250,000 & R100,000).
The two children will be entitled to equal shares of the remainder of Peters estate:
R25 000 [(R300,000 – R250,000)/2] each.
Daughter:
Jill
R25 000
Son:
Jack
R25 000
50%
50%
Joan
(R300 000) +
R250 000
=
R550 000
Peter
(R300 000)
Joint Estate
R600 000
Greater of R250
000 & R300 000/3 =
R100 000
Remainder: R50 000
Split equally