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3. Peter and Joan had two children, Jack and Jill. Peter is survived by Joan, Jack and three
grandchildren of his predeceased daughter Jill. Calculate how much each person receives
at Peters death.
Peter’s estate: R600,000 * 50% = R300,000
Peter’s estate will be divided by 3 people namely Joan, Jack and Jill (her children will
receive her share)
R300,000/3 = R100,000 but Joan receives the greater of R250,000 and R100,000.
Joan therefore receives = R250,000.
The remainder: R300,000 – R250,000 = R50,000 is divided by 2 people, Jack and Jill.
Jack will receive R25 000 whilst each grandchild will receive R8 333 (R25 000/3
Greater of R250 000
& R300 000/3 =
R100 000
Remainder: R50 000
Split equally bet Jack
and Jill
Daughter:
Jill
Son:
Jack
R25 000
50%
50%
Joan
(R300 000) +
R250 000 =
R550 000
Peter
(R300 000)
Joint Estate
R600 000
C1
C2
C3
R8 333 per child