THE FIRST AND FINAL LIQUIDATION AND DISTRIBUTION ACCOUNT IN THE TESTATE ESTATE OF THE LATE

REGINALD LESLIE BENTLEY (IDENTITY NO. 460418 5164 08 9) OF 10 AYR CLOSE, NEW GERMANY WHO DIED ON
14 JUNE 2009 AND WHO WAS MARRIED OUT OF COMMUNITY OF PROPERTY, WHICH MARRIAGE WAS NOT
SUBJECT TO THE ACCRUAL SYSTEM PROVIDED FOR IN THE MATRIMONIAL PROPERTY ACT OF 1984.

ESTATE NUMBER: 7473/2009/PMB Page 1

LIQUIDATION ACCOUNT

ASSETS

IMMOVABLE PROPERTY - SOLD

Erf 1027 New Germany (Extension No.10) Registration Division FT;

Province of Kwazulu Natal, In extent 900 square metres 1 675,000.00 675,000.00

Situate at 10 Ayr Close, New Germany 3610.

(Sold to Vincent Ian Annandale)

MOVABLE PROPERTY - AWARDED

Camphor Wood Kist 2 1,250.00 1,250.00

SHARES - AWARDED

Old Mutual - 1800 Fully Paid Up shares @ 1008c each 3 18,144.00 18,144.00

CLAIMS IN FAVOUR OF THE ESTATE - COLLECTED

Nedbank Limited - Savings Account No.2281082520 40,798.17 4 40,852.27 40,852.27

Accrued Interest 54.10 5

40,852.27

TOTAL ASSETS 735,246.27

LIABILITIES

ADMINISTRATION COSTS

Advertisement costs for debtors and creditors

Government Gazette 26.60

THE CITIZEN 212.04

Advertisement costs for Liquidation and Distribution account

Government Gazette 26.60

THE CITIZEN 212.04

THE FIRST AND FINAL LIQUIDATION AND DISTRIBUTION ACCOUNT IN THE TESTATE ESTATE OF THE LATE
REGINALD LESLIE BENTLEY (IDENTITY NO. 460418 5164 08 9) OF 10 AYR CLOSE, NEW GERMANY WHO DIED ON
14 JUNE 2009 AND WHO WAS MARRIED OUT OF COMMUNITY OF PROPERTY, WHICH MARRIAGE WAS NOT
SUBJECT TO THE ACCRUAL SYSTEM PROVIDED FOR IN THE MATRIMONIAL PROPERTY ACT OF 1984.

ESTATE NUMBER: 7473/2009/PMB Page 2

Master's fees as per tariff 600.00

Executor's remuneration @ 3.5% on R735,246.27 25,733.62

VAT @ 14.00% on Executor's remuneration 3,602.71

Postages and petties 250.00

Livingston Leandy-bond cancellation costs 6 1,882.34 32,545.95

CLAIMS AGAINST THE ESTATE - PAID

Remax Tricolor -Estate agent's commission 7 46,170.00

Woodborer Specialists CC 8 550.00

Tom Jones Electrical-electrical certificate 9 510.00

Glen T Electrical-electrical repairs 10 1,380.00

Dr L Heslop account No.AA-C609<MM> 11 299.70

Oxygen & General (Pty) Ltd 12 775.00 49,684.70

TOTAL LIABILITIES 82,230.65

ESTATE DUTY 0.00
BALANCE FOR DISTRIBUTION 653,015.62
735,246.27

CASH RECAPITULATION STATEMENT

Total cash and assets collected as cash (assets 1 and 4) 715,852.27

Total administration expenses and claims 82,230.65

Special bequests reduced to cash and awarded as per Distribution Account 675,000.00

Nett income brought forward from Income and Expenditure Account 629.63

Cash shortfall to be abated amongst legatees 40,748.75

757,230.65 757,230.65
DISTRIBUTION ACCOUNT

Balance brought forward from Liquidation Account 653,015.62

PLUS: Income brought forward from Income and Expenditure Account 629.63

SPECIAL BEQUESTS
THE FIRST AND FINAL LIQUIDATION AND DISTRIBUTION ACCOUNT IN THE TESTATE ESTATE OF THE LATE
REGINALD LESLIE BENTLEY (IDENTITY NO. 460418 5164 08 9) OF 10 AYR CLOSE, NEW GERMANY WHO DIED ON
14 JUNE 2009 AND WHO WAS MARRIED OUT OF COMMUNITY OF PROPERTY, WHICH MARRIAGE WAS NOT
SUBJECT TO THE ACCRUAL SYSTEM PROVIDED FOR IN THE MATRIMONIAL PROPERTY ACT OF 1984.

ESTATE NUMBER: 7473/2009/PMB Page 3

As the total special bequests exceed the residue of this Estate each bequest
has to be abated as follows:
Total value of special bequests 694,394.00
LESS: Balance for distribution 653,645.25
DEFICIENCY 40,748.75

To Tessa Leslie Bentley ( surviving spouse), 635,389.34

10 Ayr Close, New Germany (reduced to cash) (Item

No. 1) 675,000.00

LESS: Abated as follows:

R675,000.00 divided by R694,394.00 times R40,748.75
= 39,610.66

635,389.34

To Stuart Thurston Bentley (a major child) 3,415.85

A share in 1800 Fully Paid Up held in Old Mutual (Item

No. 3) 3,628.80

LESS: Abated as follows:

R3,628.80 divided by R694,394.00 times R40,748.75 = 212.95

3,415.85

To Matthew Leslie Bentley (a major child) 3,415.85

A share in 1800 Fully Paid Up held in Old Mutual (Item

No. 3) 3,628.80

LESS: Abated as follows:

R3,628.80 divided by R694,394.00 times R40,748.75 = 212.95

3,415.85

To Kelly Shaun Bentley (a major child), 4,592.50

Camphor Wood Kist (Item No. 2) 1,250.00

LESS: Abated as follows:

R1,250.00 divided by R694,394.00 times R40,748.75 = 73.35

1,176.65

A share in 1800 Fully Paid Up held in Old Mutual (Item

No. 3) 3,628.80
THE FIRST AND FINAL LIQUIDATION AND DISTRIBUTION ACCOUNT IN THE TESTATE ESTATE OF THE LATE
REGINALD LESLIE BENTLEY (IDENTITY NO. 460418 5164 08 9) OF 10 AYR CLOSE, NEW GERMANY WHO DIED ON
14 JUNE 2009 AND WHO WAS MARRIED OUT OF COMMUNITY OF PROPERTY, WHICH MARRIAGE WAS NOT
SUBJECT TO THE ACCRUAL SYSTEM PROVIDED FOR IN THE MATRIMONIAL PROPERTY ACT OF 1984.

ESTATE NUMBER: 7473/2009/PMB Page 4

LESS: Abated as follows:

R3,628.80 divided by R694,394.00 times R40,748.75 = 212.95

3,415.85

To Tanna Christine Bentley (a minor child), Identity No. 060830 0272 08 5 3,415.85

A share in 1800 Fully Paid Up held in Old Mutual (Item

No. 3) 3,628.80

LESS: Abated as follows:

R3,628.80 divided by R694,394.00 times R40,748.75 = 212.95

3,415.85

To Jameson John Bentley (a major child) 3,415.85

A share in 1800 Fully Paid Up held in Old Mutual (Item

No. 3) 3,628.80

LESS: Abated as follows:

R3,628.80 divided by R694,394.00 times R40,748.75 = 212.95

3,415.85

THE RESIDUE

There is no residue for distribution

The above-mentioned awards are made in terms of the Last Will and
Testament of the Deceased dated 3 November 2008 and subject to any
conditions that might be contained therein.
653,645.25 653,645.25
INCOME AND EXPENDITURE ACCOUNT

FOR THE PERIOD 15 JUNE 2009 TO 15 FEBRUARY 2010

INCOME:

Estate account no. 1452044457 held at Nedbank, Corporate Western Cape -

interest earned 13 605.10

Savings Account No.2281082520 held with Nedbank Limited 14 84.71

Interest received 138.81

LESS: Accrued interest declared 54.10
THE FIRST AND FINAL LIQUIDATION AND DISTRIBUTION ACCOUNT IN THE TESTATE ESTATE OF THE LATE
REGINALD LESLIE BENTLEY (IDENTITY NO. 460418 5164 08 9) OF 10 AYR CLOSE, NEW GERMANY WHO DIED ON
14 JUNE 2009 AND WHO WAS MARRIED OUT OF COMMUNITY OF PROPERTY, WHICH MARRIAGE WAS NOT
SUBJECT TO THE ACCRUAL SYSTEM PROVIDED FOR IN THE MATRIMONIAL PROPERTY ACT OF 1984.

ESTATE NUMBER: 7473/2009/PMB Page 5

84.71
EXPENDITURE:

Savings Account No.2281082520 held with Nedbank Limited - service fee

paid 15 13.00

Collection Commission @ 6% on R689.81 41.39

VAT @ 14.00 % on R41.39 5.79

Surplus carried forward to the Distribution Account for distribution to

legatee(s) 629.63

689.81 689.81

FIDUCIARY ASSETS ACCOUNT

None

ESTATE DUTY

The calculations below and the account references are quoted as per the
prescribed Estate Duty Form (No. Rev.267)

ACCOUNT 1

Total Assets as per FIRST AND FINAL Liquidation Account 735,246.27

TOTAL OF ACCOUNT 1 735,246.27

ACCOUNT 2

None
TOTAL OF ACCOUNT 2 0.00
ACCOUNT 3

Total Liabilities as per Liquidation Account 82,230.65

PLUS: Abated cash legacy(ies)/special bequest(s) accruing to the surviving

spouse (Section 4(q)) 635,389.34

A fraction of the residue/the residue is inherited by the surviving spouse

and requires detailed calculations:

Total of Account 1 of the Estate Duty Return 735,246.27

THE FIRST AND FINAL LIQUIDATION AND DISTRIBUTION ACCOUNT IN THE TESTATE ESTATE OF THE LATE
REGINALD LESLIE BENTLEY (IDENTITY NO. 460418 5164 08 9) OF 10 AYR CLOSE, NEW GERMANY WHO DIED ON
14 JUNE 2009 AND WHO WAS MARRIED OUT OF COMMUNITY OF PROPERTY, WHICH MARRIAGE WAS NOT
SUBJECT TO THE ACCRUAL SYSTEM PROVIDED FOR IN THE MATRIMONIAL PROPERTY ACT OF 1984.

ESTATE NUMBER: 7473/2009/PMB Page 6

PLUS: Total of Account 2 of the Estate Duty Return 0.00

LESS: Total Liabilities as per Liquidation Account 82,230.65

GROSS DUTIABLE ESTATE: 653,015.62

LESS: Special bequests and cash legacies to all
beneficiaries 694,394.00

-41,378.38

16.6666666666667% of residue (which excludes special

bequests and cash legacies) to surviving
spouse 0.00
PLUS: Rebate (Section 4A(1)) 3,500,000.00

TOTAL OF ACCOUNT 3 4,217,619.99

SUMMARY

Value of all property of the Deceased - as per Account 1 735,246.27

PLUS: Value of deemed property of the Deceased - as per Account 2

735,246.27
LESS: Deductions claimed - as per Account 3 4,217,619.99

DUTIABLE AMOUNT 0.00

NO ESTATE DUTY PAYABLE

EXECUTOR'S NOTES

1. The income tax to date of death has not yet been assessed. We confirm
that provision will be made in the cash shortfall for any assessment which may
be raised by the South African Revenue Services.
2. The funeral expenses were paid by the surviving spouse who does not wish
to claim.
3. The boat, trailer, outboard motor, fishing, camping and outdoor/sporting
equipment referred to in Clause 3.3 of the Will was disposed of during the
deceased's lifetime and the legacy fails.

5. The surviving spouse has acknowledge receipt of the gifts bestowed upon
her in terms of the Antenuptial Contract Number ......
6. The wish expressed by the deceased in Clause ..... of the Will to be
cremated/buried has been fulfilled.

EXECUTOR'S CERTIFICATE
THE FIRST AND FINAL LIQUIDATION AND DISTRIBUTION ACCOUNT IN THE TESTATE ESTATE OF THE LATE
REGINALD LESLIE BENTLEY (IDENTITY NO. 460418 5164 08 9) OF 10 AYR CLOSE, NEW GERMANY WHO DIED ON
14 JUNE 2009 AND WHO WAS MARRIED OUT OF COMMUNITY OF PROPERTY, WHICH MARRIAGE WAS NOT
SUBJECT TO THE ACCRUAL SYSTEM PROVIDED FOR IN THE MATRIMONIAL PROPERTY ACT OF 1984.

ESTATE NUMBER: 7473/2009/PMB Page 7

I, the undersigned, hereby declare that to the best of my knowledge and belief
this account is a true and proper account of the Liquidation and Distribution of
this estate and that all the assets, liabilities and income collected subsequent
to the date of death have been disclosed herein.

__________________________________________________________
Debby Hazel Van Wyk Identity No.721127 0178 08 6 nominee of Nedbank
Group Limited
DATED at DURBAN on 15 February 2010