Incisive Legal Insights

Incisive Legal Insights

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Death of a Close Corporation Member – Now What?

Assets in a deceased estate may include interests or shares in a business venture, such as a Close Corporation or Private Company PTY (Ltd), which are also subject to be dealt with by the Executor in the administration of the deceased estate however, this is subject to the provisions of an Association Agreement, the Close Corporations Act in the case of a Close Corporation and the Shareholder’s Agreement (if any) in the case of a private company.

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Deceased Estates and Wills Benaters Deceased Estates and Wills Benaters

How Much it Costs “To Die”?

The deceased Estate winding up process can be very overwhelming for the family of the deceased. Especially as they go through the grieving process. It is a complex and lengthy process that can take a very long time to complete. And if you are reading between the lines, this also means that it will include a number of (sometimes hidden) costs.

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