SA Dividend income accrued before distribution, is it distributed to the beneficiaries on their proportionate holdings in will or is it pooled income?

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TSLAW

Member
19 September 2022
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Hi, this is a contested matter where the estate has been paid dividends. Where different family members have different amount of shares given to them in the will on distribution are the dividends paid to the beneficiary according to their holdings or does the dividend income get get pooled and split according to a residual clause?

This mater is further complicated as one of the family members was given shares by joint title rather than under the will. The will has a hotch potch clause to take this into account but the person who has these shares is still claiming he should get an equal share of the will income.