Acts Online
GT Shield

Administration of Estates Act, 1965 (Act No. 66 of 1965)

Chapter V: The Guardian's Fund

90. Payments to natural guardians, tutors and curators, or for and on behalf of miners and persons under curatorship

 

1) The Master may, subject to subsection (2) and subject to the terms of any will or written instrument disposing of the money or, in the case of a tutor or curator, by which the tutor or curator has been nominated, pay to the natural guardian or to the tutor or curator, or for and on behalf of the minor or other person concerned, so much of any moneys standing to the credit of the minor or other person in the guardian's fund as may be immediately required for the maintenance, education or other benefit of the minor or other person or any of his dependants, or for any purpose referred to in sub-paragraph (i), (ii) or (iv) of paragraph (c) of the proviso to section 82 , or for any investment in immovable property within the Republic or in any mortgage over such immovable property on behalf of the minor or other person, approved by the Master: Provided that, subject to the terms of any such will or instrument, the aggregate of the payments made in the case of any minor or other person for purposes of maintenance, education or other benefit shall not, without the sanction of the Court, exceed R100,000 of the capital amount received for account of the minor or other person concerned.

 

2) Where a natural guardian gives security in terms of section 43(2) after the sum of money to which a minor is, according to any liquidation and distribution account in any deceased estate or by virtue of any other source, entitled, has been paid into the guardian's fund, the Master may pay to that guardian, for and on behalf of such minor, the sum of money standing to the credit of the minor in the guardian's fund, whereafter the provisions of section 43 (3), (4) and (5) shall mutatis mutandis apply.