We are sitting with the following problem which nobody can assist us with viz:
A person has died and bequeathed his estate to his heir who has renounced/repudiated the inheritance. All intestate heirs have similarly renounced/repudiated their inheritance. In addition the executor cannot sell the land as there are no willing buyers due to a squatter problem and the Council also not interested.
The estate must now be wound up, but the problem is - how must the land be addressed in the Liquidation and Distribution account?
Property Law Specialist