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A beneficiary fund is defined as a pension fund organization in the Pension Funds Act No.24 of 1956 of South Africa, as amended in 2008. [1] A beneficiary fund is a uniquely South African entity designed to accept and administer lump sum death benefits allocated in their discretion by retirement fund trustees to the minor dependants of deceased retirement fund members, as set out in section ...
The South African law of succession prescribes the rules which determine the devolution of a person's estate after his death, and all matters incidental thereto. It identifies the beneficiaries who are entitled to succeed to the deceased's estate, and the extent of the benefits they are to receive, and determines the different rights and duties that persons (for example, beneficiaries and ...
In Australia, unclaimed money laws provide a one to two year reporting period each year whereby unclaimed bank accounts, superannuation, deceased estate inheritances, insurance, shares, dividends, utility deposits, unpresented cheques and other forms of "unclaimed money" are reported to the appropriate governing body under which the ...
Finding unclaimed money from deceased relatives may require a little detective work, but it can be easier than you might think. If you suspect that you have some unclaimed inheritance money ...
Use this guide to find to lost money from the government, old bank accounts, former employers, insurance, taxes and more — and avoid unclaimed fund scams.
If there are no relations of the deceased, by blood or by adoption, and no surviving spouse, the fiscus or State is entitled, after the lapse of thirty years, to claim the estate as bona vacantia (unclaimed property) in terms of the common law. The authority for this is the case of Estate Baker v Estate Baker. In these circumstances the State ...
If you or a family member are entitled to receive missing money or an unclaimed asset being held by a state -– anything from unused gift cards to life insurance proceeds -– you might ...
As a discipline, the law of persons forms part of South Africa's positive law, or the norms and rules which order the conduct or misconduct of the citizens. [3] [4] Objective law is distinguished from law in the subjective sense, which is 'a network of legal relationships and messes among legal subjects', [5] and which deals with rights, [6] [7] or 'the claim that a legal subject has on a ...