TSEM6032 - Legal background to trusts & estates: the items which form the deceased's estate
When a person dies, his various possessions form his estate. »Ê¹ÚÌåÓýappy may include money,clothes, furniture, investments, land and property.
»Ê¹ÚÌåÓýapp personal representatives become the legal owners of all types of property left by the deceased. But they do not become the owners of any ‘gift on account of deathâ€�(donatio mortis causa â€� TSEM6033). »Ê¹ÚÌåÓýappy are required to duly administer the estate on behalf of the legatees.