Benefits that others derived as a consequence of a death.
Termed deemed because either the benefit ceased on death and accrued to another, eg a life usufruct, or the value only arose as a consequence of death, eg life insurance not paid into the estate.
These are not assets in the estate of the individual but the value of the benefit is added to the value of assets in the estate to determine the estate duty.
(Ithink its not correct, if u knw d corrcet answer..pls comment ur answer plz...)
2 comments:
Benefits that others derived as a consequence of a death.
Termed deemed because either the benefit ceased on death and accrued to another, eg a life usufruct, or the value only arose as a consequence of death, eg life insurance not paid into the estate.
These are not assets in the estate of the individual but the value of the benefit is added to the value of assets in the estate to determine the estate duty.
(Ithink its not correct, if u knw d corrcet answer..pls comment ur answer plz...)
actually..its not assets...but, in d eyes f law..we consider dese r Assets...deemed means defactorial...
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