Probate and Administration Flashcards

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1
Q

Define Probate property

A

property that passes under T’s will or by intestacy

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2
Q

What are the procedure requirements for Probate?

A

Jurisdiction - place where D is domiciled at the time of death
Notice - must be given to all interest parties
Timing - Common law vs. UPC

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3
Q

Notice requirement for Probate

A

give to interested parties

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4
Q

Jurisdiction for Probate

A

the place where D is domiciled at the time of death has jurisdiction over D’s personal property and any real property located there

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5
Q

Common law vs. UPC timing requirements

A

Common Law: a will could be probated at any time
UPC: probate proceedings must be brought within three years of death

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6
Q

What is the Period of Limitations on creditors claims?

A

a claim must be made within a specified period after probate is opened

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7
Q

What notice is required for creditors claims?

A

the personal representative must provide notice to creditors

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8
Q

What are priorities for creditor’s claims?

A

Administrative expenses
last medical expenses and funeral expenses
family allowance
tax claims
secured claims
judgments against D
all other claims

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9
Q

Define personal representative

A

executor of the will names in the will

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10
Q

Define administrator of a will

A

someone appoint by the court

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11
Q

What is the priority for appointment of a personal representative?

A
  • person named in the will
  • the surviving spouse who is a devisee
  • other devisees
  • the surviving spouse
  • other heirs
  • any creditor (45 days after death)
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12
Q

What are the principal duties of a personal representative

A
  • provide notice to legatees, heirs, and claimants
  • inventory, collect, and manage D’s assets
  • receive and pay claims of creditors and tax collectors
  • distribute remaining assets
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13
Q

What duty does a personal representative owe?

A

fiduciary duty (highest level of duty and care)

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14
Q

Define fiduciary duty

A

owes the highest duty of loyalty and care to those represented

Common Law: can be personally liable for the actions of the estate

UPC: can only be sued in a representative capacity for breach of fiduciary duty

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