Briefly explain the meaning of the following terms as used in the law of succession. Donatio...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Briefly explain the meaning of the following terms as used in the law of succession. Donatio mortis causa. (ii) Partial intestacy. Kifo died on 12 March 2013, and by his will made in 2011, bequeathed the following 1. 2. 3. To Linda, my daughter, Sh. 100,000. To Elisha, my son, my house in Thome. To Lita, my wife, Sh. 500,000 on condition that she does not marry again. The executor has established that : Kifo gave Linda Sh. 60,000 in 2002 to enable her open a salon. The contract for the purchase of the house in Thome was completed in June 2014. 1. 2. 3. Lita is engaged to Kisongo and their wedding is scheduled for 31 December 2014. Required: Explain how the executor should deal with each bequest. Onyango died intestate, leaving his two wives Atieno and Akinyi whom he married under a system of law which permits polygamy. Anyango, his second wife had predeceased him leaving two children, Suswa and Supra who are still alive. Atieno has three surviving children Pamela and Obama while Akinyi has no children. Onyango's estate consists of: Personal effects Sh. 400,000. Household effects Sh. 1,000,000. Motor vehicle Sh. 500,000. Residue Sh. 3,000,000. Required: A statement showing how Onyango's estate will be distributed Briefly explain the meaning of the following terms as used in the law of succession. Donatio mortis causa. (ii) Partial intestacy. Kifo died on 12 March 2013, and by his will made in 2011, bequeathed the following 1. 2. 3. To Linda, my daughter, Sh. 100,000. To Elisha, my son, my house in Thome. To Lita, my wife, Sh. 500,000 on condition that she does not marry again. The executor has established that : Kifo gave Linda Sh. 60,000 in 2002 to enable her open a salon. The contract for the purchase of the house in Thome was completed in June 2014. 1. 2. 3. Lita is engaged to Kisongo and their wedding is scheduled for 31 December 2014. Required: Explain how the executor should deal with each bequest. Onyango died intestate, leaving his two wives Atieno and Akinyi whom he married under a system of law which permits polygamy. Anyango, his second wife had predeceased him leaving two children, Suswa and Supra who are still alive. Atieno has three surviving children Pamela and Obama while Akinyi has no children. Onyango's estate consists of: Personal effects Sh. 400,000. Household effects Sh. 1,000,000. Motor vehicle Sh. 500,000. Residue Sh. 3,000,000. Required: A statement showing how Onyango's estate will be distributed
Expert Answer:
Answer rating: 100% (QA)
1 Donatio mortis causa means a gift in contemplation of death It refers to a conditional gift made w... View the full answer
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078025655
7th edition
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
Posted Date:
Students also viewed these accounting questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
The Marketing Department of Fuller State University planned to hold its annual distinguished visiting lecturer (DVL) presentation in October 2013. The secretary of the department prepared the...
-
The Marketing Department of Barlett State University planned to hold its annual distinguished visiting lecturer (DVL) presentation in October 2017. The secretary of the department prepared the...
-
Suppose you make beautiful coffee tables out of juniper trees. Your materials cost for each table is $135. You pay your craftsman $25 per hour and it takes him 5 hours to complete one table. If you...
-
In cases 1-3 below, assume that Division A has a product that can be sold either to Division B of the same company or to outside customers. The managers of both divisions are evaluated based on their...
-
Find the limit of the following sequences or determine that the limit does not exist. {(n + 5)}
-
I spent time with you. It seems that this deed is out of character for you. You were not awarded your normal annual bonus. I would probably feel the same. Is that what happened? You normally wouldnt...
-
One of Philip Mahns investments is going to mature, and he wants to determine how to invest the proceeds of $30,000. Philip is considering two new investments: a stock mutual fund and a one-year...
-
Develop an algorithm, in the form of a Raptor flowchart, to compute and display the amount of federal income tax to be paid when provided with the income as input. The Canadian Federal income tax...
-
The following table summarizes the operating results for Bene Petits first year of operations: Bene Petit First year operating data: Single (1 serving) Dual (2 servings) Family (4 servings) Total...
-
The additional return earned for accepting risk is called the Group of answer choices capital gains yield risk premium excess return inflated return
-
What critical factors do leaders need to consider when setting goals and objectives?
-
Why do data need to be translated into useful information?
-
A consultant was asked to work with a large academic medical centers top leaders on their strategies and future plans. The leaders exhibited a great passion and desire to improve their organization...
-
Select a GPO. Identify its locations, services, facilities, and sites, and determine the criteria for membership.
-
Why is it not preferable to have more than seven strategic priorities? Would it be better to have fewer?
-
Define supervised learning, training set, testing set, accuracy of classifier, sensitivity, and regression. Supervised learning:
-
For the following exercises, write the polynomial function that models the given situation. Consider the same rectangle of the preceding problem. Squares of 2x by 2x units are cut out of each corner....
-
Miyazaki Manufacturing Company began operations on January 1. During January, it started and completed 5,000 units of product. The company incurred the following costs: 1. Raw materials purchased and...
-
Greene Company has a current ratio of 2:1 on June 30, 2014. Indicate whether each of the following transactions would increase (+), decrease (), or not affect (NA) Greenes current ratio and its...
-
Issa Corporation, a manufacturer of diabetic testing kits, started November production with $75,000 in beginning inventory. During the month, the company incurred $370,000 of materials cost and...
-
Fiscal policy can make the central banks job impossible because: a. Politicians tend to take a short-term view, encouraging doubt about the commitment to price stability or financial stability. b. In...
-
The best central banks: a. Are independent of political pressure. b. Are accountable to elected representatives and the public. c. Communicate their objectives, actions, and policy deliberations...
-
Assess the effectiveness of the Federal Reserve System.
Study smarter with the SolutionInn App