Maqubela and Another v Master of the Gauteng Local Division Johannesburg and Others (2018/40955)
Maqubela and Another v Master of the Gauteng Local Division Johannesburg and Others (2018/40955) [2022] ZAGPJHC 346; 2022 (6) SA 408 (GJ) (19 May 2022)
The court held that the proceeds of the Liberty Life Policy did not form part of the joint estate, as the rights to the death benefit only arose after the death of the insured, at which point the joint estate ceased to exist. The Master of the High Court erred in treating the policy proceeds as joint estate assets and failed to apply the correct legal principles and case law. The third respondent's argument based on insurable interest was rejected, as entitlement to policy proceeds depends on nomination or succession law, not merely on insurable interest arising from marriage. The application…
Source excerpt
- Administration Of Estates Act
- Community Of Property
- Life Policy Proceeds
- Intestate Succession Act
- Unworthiness To Inherit
- Law Of Evidence