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Wednesday Mar 24, 2021

Battle for Sea Point property

A Cape Town man is in a David versus Goliath struggle to get what he says is due to him after battling to obtain the money and property of a multi-million rand deceased estate.

Mfuneko Matyobeni is listed as the sole beneficiary in the last will and testament of Edmund George de Beer, who died on August 7, 2017.

De Beer was an advocate who worked at the offices of the long-term insurance ombudsman in Claremont. He died of a heart attack. He owned a property in High Level Road, Sea Point, which is a property listed in his last will and testament.

In his will, De Beer stated: "I bequeath the residue of my estate to my son, Mfuneko Michael Matyobeni … to the exclusion of his descendants should he predecease me." He also requested that, "If the above provisions for the redistribution of the residuary estate fail then I bequeath the residue of my estate to my godson Mihlali Mavumengwana … should Mihlali not have attained majority, his inheritance will be held in trust by the Trustees subject to the trust provisions below."

Mavumengwana is Matyobeni's son and is the only other person listed as a beneficiary in De Beer's will.

De Beer took Matyobeni in as a son when he was finishing high school and helped him through college while raising him as his own, alongside Matyobeni's mother. De Beer never adopted or had legal custody of Matyobeni, but they had a close bond and referred to each other as dad and son, as stated in De Beer's will.

For nearly four years Matyobeni has been struggling to finalise the deceased estate, and in the process, he says, the Master of the High Court and the first appointed executor of the estate sold the property in Sea Point for much less than it is worth.

Matyobeni has been in a legal battle with Standard Trust, a division of Standard Bank, who were appointed as the initial executors of De Beer's estate. The heir claims that the executor was insistent that he approve the sale of the Sea Point property.

Matyobeni said he never approved the sale but in April 2019 the house was sold by private treaty.

He said: "They went into an agreement with the buyer but they cannot sell the house because they are no longer the executors, and they can no longer evict me, they do not have the authority to do that. The sale in itself is also questionable because it requires my consent as the heir."

A letter dated October 22, 2020, shows that the Master of the High Court removed Standard Trust's nominee as an executor and subsequently in January appointed Matyobeni as the executor. This has brought him little joy though as he claimed Standard Trust was unwilling to now assist him to wind up the estate.

"I am the executor of the estate now and now Standard Trust doesn't want to give the file of the deceased estate so I can see what is in the estate. They don't want to hand over this file."
In the interim, Nedbank, that held the bond for the Sea Point property, has sued the executors of the estate and this is now a case that Matyobeni said he had to account for.

"The case that I had to answer to from Nedbank is the case that they had against Standard Trust as the executor of the estate because they did not lodge the final liquidation and distribution account and there were delays and creditors wanted them to lodge that account."

Standard Trust would not directly comment on the matter or explain why they had not handed over the documents to Matyobeni.

Standard Bank spokesperson Ross Linstrom said: "One of the first responsibilities of an executor before the distribution of the assets and ensuring that the deceased wishes are met is to ensure that the estate is liquid and that any creditors are paid to ensure that there are no outstanding monies owed by the estate. This is in accordance with the Administration of Estates Act as it applies to the administration of deceased estates in SA."

He added: "In this matter, attempts to finalise the estate were being frustrated, so Standard Trust approached the necessary authorities for relief to ensure that the obligation to creditors was met in order to fulfil the wishes of the deceased."

Linstrom said selling the property had been above board. "This relief was granted by the Master of the High Court by consenting to the sale of the property and Standard Trust proceeded accordingly in line with Administration of Estates Act."

Matyobeni will be back in the Western Cape High Court on May 6 to answer the case brought by the creditor, Nedbank, against De Beer's estate.

Weekend Argus (Sunday Edition)21 Mar 2021 NATHAN ADAMS nathan.adams-AT-inl.co-DOT-za

    
 

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