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Does a administor of a estate have to divide the estate equally?
Anzmak
The Administrator of the estate MUST distribute the estate according to the laws of intestacy. Their only powers of discretion may lie in devising a fair system of distribution of personal items that cannot be divided equally.
Administrators are under the supervision of the court that made the appointment and must follow the laws of intestacy in making distribution. The Administrator will be held personally responsible if they violate the law. You can check the laws of intestacy of your state at the related question link provided below.
Wiki User
∙ 14y ago
An administrator may not be required to divide an estate equally among beneficiaries, as this ultimately depends on the specific terms of the will or state laws governing intestate succession. However, the administrator is generally expected to fulfill their duties in good faith and ensure fair distribution of assets according to the deceased person's wishes or legal requirements.
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Does property and estate automatically transfer to the surviving children if the deceased did not have a will in the state of California?
In California, if someone dies without a will, their property will generally be distributed according to state intestacy laws. If the deceased had children but no spouse, the property would typically be divided equally among the children. However, the specific distribution rules can vary depending on the situation, so it's advisable to consult with a legal professional to understand the exact process.
Can a beneficiary of an estate sign a disclaimer and their share go to their siblings?
Yes, a beneficiary of an estate can sign a disclaimer to voluntarily relinquish their share of the inheritance. In this case, the disclaimed share would typically pass to the next beneficiary in line, such as the siblings of the disclaiming beneficiary, as specified in the estate plan or intestacy laws. It is important to follow proper legal procedures when executing a disclaimer to ensure the distribution of assets is handled correctly.
What are the terms for the two ways in which the testator can distribute the estate among the lineal descendants?
The two terms are per stirpes and per capita. Per stirpes means the estate is divided among branches of the family based on equal shares per branch, while per capita means the estate is divided equally among all lineal descendants regardless of their branch in the family tree.
Does the Residuary estate go to all siblings on the will or can it go on a verbal agreement with the mother and all siblings present that divides the property equally?
The residuary estate will be distributed according to the terms and conditions specified in the will. Any verbal agreement made among family members does not hold legal weight and will not override the instructions in the will. It is essential to follow the legal procedures outlined in the will to ensure the proper distribution of the estate.
An estate that creates only the right of use and possession is known as a?
Life estate.
Do you file to become administor of an estate in the state you live in or where the person died?
You file where the decedent died and owned property.
How do you divide personal assets equally when administering an estate?
That is one of the challenges of being the executor. The estate has to be inventoried and valued. There are actually software programs that can help with this.
What word is for divide equally?
Bisect is the word for divide equally. It is a word for divide equally and is used in mathematics.
Use the word 'equity' in a sentence?
Prompted by considerations of equity, the father decided to divide his estate equally among his children.
What is mean by administor?
to manage or direct
What multiple factor could you divide equally by 8?
64 is a multiple factor you could divide equally by 8
How do you divide 20 equally?
These numbers divide 20 equally: 1, 2, 4, 5, 10, 20.
How do you divide equally 16 apples for 17 children?
how do you divide 16 apples equally between 17 children
How does one hundred and four divide into fourteen equally?
How does 104 divide into 14 equally?104 doesn't divide into 14 equally. If you get a calculator and type in 14 divided by 104 you will get the answer: .1346153, which isn't an equal number, but a decimal.
Can you write a sentence using the word equally?
The estate was equally divided by the children. The chess masters were equally matched. It was equally apparent that they had no source of income.
What are synonyms for halve?
cut in half, reduce by fifty percent, split in two, bisect, divide in two, share equally, divide equally
What numbers divide equally into 726.82?
363.41
