This tip applies equally to those making their Wills and the personal representatives
charged with following it.
6) Between the trial court's ruling and the appeal, the plaintiffs filed pleadings to open an estate, but a personal representative
had not been appointed.
The appellate court held that "plaintiffs' failure to name a personal representative
in the foreclosure action did not divest the circuit court of jurisdiction" over the matter.
It appears, then, that nonprofessional executors or personal representatives
who handle estates without trade or business assets cannot be deemed to be in a business themselves.
The law basically requires that personal representatives
be Florida residents, unless they are also related to the decedent.
In each of these circumstances, the parent is not the personal representative
of the minor and does not automatically have the right of access to health information specific to the situation, unless the minor requests that the parent act as the personal representative
and have access.
After Marine's death, the personal representatives
chose two individuals to receive gifts totaling $25,000.
As an alternative for the satisfaction of recurring obligations, personal representatives
can purchase a commercial annuity from an unrelated dealer and deduct the sum of 1) the amount paid for the commercial annuity, 2) amounts paid prior to the purchase of the annuity in satisfaction of the obligation, and 3) any additional amount in excess of the commercial annuity amount necessary to satisfy the obligation.
RPPTL has had a long-standing legislative position to oppose any change to the state's personal representative
statutes, which prohibit out-of-state residents, except for relatives of the deceased, from being personal representatives
Congress could also allow a personal representative
to elect to treat all or a part of an estate's administration expenses as (1) a deduction in computing an estate's (or trust's) taxable income or (2) a Sec.
You may wish to ensure that you have provisions in your will that allow your Personal Representatives
to make elections with Canada Customs and Revenue Agency to continue to defer the tax on RRSPs for your financially dependent children.
In a nutshell, the Board of Governors on July 28, 2006, delayed re-approving a long-standing lobbying position for RPPTL effectively opposing the inclusion of out-of-state attorneys as authorized personal representatives
in probate cases.