If a person dies without a valid will his estate will be inherited by the parties, and in the manner stipulated in the Intestate Succession Act No. 81 of 1987
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If any person dies without having by will nominated any person to be his executor, the Master shall appoint such person/s whom he may deem fit and proper to be executor/s of the estate of the deceased
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An executor shall pay to the Master any money to which any minor is entitled according to any liquidation or distribution account
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Unless the nominated executor’s remuneration has been fixed by the deceased in his will, an executor is entitled to receive out of the assets of the estate a remuneration of 3,5% on the gross value of assets in an estate, and 6% on income accrued and collected after the death of the deceased
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There is charged, levied and collected in respect of the estate of every person who dies, an estate duty. Estate duty is charged upon the dutiable amount of an estate at a rate of 20% on the first R30mil, and at a rate of 25% above R30mil