Estate Indemnity Agreement Template for South Africa

1. Security Provisions: Required when additional security is provided to back the indemnity, such as bank guarantees or security over assets

2. Multiple Indemnifier Provisions: Required when there are multiple parties providing the indemnity, addressing joint and several liability

3. Foreign Asset Provisions: Required when the estate includes foreign assets or when foreign law considerations are relevant

4. Dispute Resolution: Detailed alternative dispute resolution procedures, recommended for high-value estates or complex situations

5. Tax Indemnity: Specific indemnification for tax liabilities, required when significant tax implications exist

6. Assignment and Succession: Required when the agreement needs to bind successors or when assignment rights need to be addressed

1. Schedule 1 - Estate Assets: Detailed list of estate assets covered by the indemnity

2. Schedule 2 - Known Claims and Liabilities: List of existing or potential claims against the estate

3. Schedule 3 - Distribution Schedule: Proposed or agreed distribution of estate assets

4. Schedule 4 - Required Documents: List of supporting documents required for estate administration

5. Appendix A - Power of Attorney: If applicable, power of attorney documentation for parties acting as representatives

6. Appendix B - Master's Certificate: Copy of Letters of Executorship or Administration issued by the Master of the High Court