Question
The estate of our deceased father was not wound up, and the heirs were not given their shares. Many years later, they decide to finalise the estate. What values should be taken for the assets? The value on the date of the demise of our father or current day values. And, what is the value of the assets which were acquired after the death of our father?
Answer
The current-day value for all the assets has to be considered, including the assets which were acquired subsequent to the death of your father since these assets were purchased with the funds of the estate.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 24 No 10
- PDF page
- 12
Appears under SERVING A TEMPLE AND A BANK (approximate).