[2009] KEHC 199 (KLR)

[2009] KEHC 199 (KLR)

The court determined that the remaining estate funds should be apportioned primarily for the benefit of the minors, with Kshs. 200,000 allocated and invested in an interest-earning account. The administrators are permitted to access only the interest generated for the minors' upkeep, while the principal remains...

Source-derived case information.

Citation
[2009] KEHC 199 (KLR)
Parties
Applicant: P.C.S; Applicant: I.K.R; Respondent: T.K.R (Deceased)
Court
High Court
Court Station
High Court at Kericho
Jurisdiction
Kenya
Case Number
Succession Cause 84 of 2007
Procedural Posture
Succession Cause / Ruling on Confirmation of Grant
Outcome
Orders granted as per apportionment and investment directions.
Legal Topics
Succession of Estates, Distribution of Deceased Assets, Protection of Minors, Confirmation of Grant
Source Language
en
Family and Children Succession of Estates Distribution of Deceased Assets Protection of Minors Confirmation of Grant

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Parties

P.C.S

Applicant

I.K.R

Applicant

T.K.R (Deceased)

Respondent

Procedural Posture

Succession Cause / Ruling on Confirmation of Grant

  1. 1 Whether the remaining estate funds should be apportioned among the minors and adult beneficiaries.
  2. 2 How the funds should be invested and accessed for the benefit of the minors.

Ratio Decidendi

The court determined that the remaining estate funds should be apportioned primarily for the benefit of the minors, with Kshs. 200,000 allocated and invested in an interest-earning account. The administrators are permitted to access only the interest generated for the minors' upkeep, while the principal remains untouched until each minor attains majority. The remaining Kshs. 60,000 is to be distributed among the adult children and the widow. This approach ensures the protection and long-term benefit of the minors, in line with the Law of Succession Act and the duty of administrators to safeguard the interests of minor beneficiaries.

Court Disposition

Orders granted as per apportionment and investment directions.

Orders

  • Kshs. 200,000 to be apportioned among the minors as specified and invested in an interest-earning account with the Housing Finance Company of Kenya in the names of the two administrators and the Registrar High Court of Kenya at Kericho.
  • Administrators may access only the interest from the invested sum for the upkeep of the minors; the principal is to remain intact until each minor attains majority.