Change in legislation Section 80 of Administration of Estates Act

Posted on: December 12th, 2014 by Lauren Sullivan

Change in legislation Section 80 of Administration of Estates Act

Government Gazette 38238 of 24 November 2014 reports an important change to the legislation in terms of Section 80 of the Administration of Estates Act 66 of 1965.

In the past, a minor who sought to sell or mortgage an immovable property, where the value was less than R100 000, could do so with the assistance of a parent or legal guardian, as well as the authorisation of the Master. In cases where the value of the immovable property exceeded R100 000, the authorisation of the High Court was required. This amount has increased to R250 000, with effect from 24 November this year.

For more information or assistance, contact us at STBB.

Comments are closed.

STBB Meerkats

Subscribe to our Newsletters

Visit our subscription page to view the newsletters available. You can select any number of newsletters to subscribe to.

Subscribe

You have Successfully Subscribed!