1 / 12

Dependent Administration The End Stages

Dependent Administration The End Stages. Partition & Distribution. Partial Distribution. When? After approval of inventory Who may request? PR Heirs Beneficiaries Authority PC § 373(c) EC § 360.002. Total Distribution. When? After one year from grant of letters Who may request? PR

imelda
Download Presentation

Dependent Administration The End Stages

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Dependent AdministrationThe End Stages

  2. Partition & Distribution

  3. Partial Distribution • When? • After approval of inventory • Who may request? • PR • Heirs • Beneficiaries • Authority • PC § 373(c) • EC § 360.002

  4. Total Distribution • When? • After one year from grant of letters • Who may request? • PR • Heirs • Beneficiaries • Authority • PC § 373(a) • EC § 360.001

  5. Citation • Method • Personal service on each person residing in Texas whose address is known. • Publication service on others • Authority • PC § 374 • EC § 360.051

  6. Hearing • Court will determine if it is proper to make a partial or total distribution. • PC §§ 377-378 • EC § 360.101

  7. Partition • Money or debts due the estate • Easy – just use simple math • PC §§ 380 • EC § 360.151

  8. Partition • Other property capable of division • Court appoints three or more discreet and disinterested persons to divide the property • PC § 380 • EC § 360.151

  9. Partition • Property not capable of division • Court orders PR to sell the property and divide the proceeds • PC § 381 • EC § 360.202

  10. Income • Income from a gifted item that accrues after death but before distribution is given to the beneficiary less the cost of taxes, repairs, insurance, management fees, etc. • PC § 378B • EC § 310.004

  11. Final Settlement • Triggering event • All debts paid, or • Debts paid as much as possible, and • No further need for administration. • PC § 404 • EC § 362.001

  12. Final Account • Very similar to the annual account • PC § 405 • EC § 362.004 • Citation • Normally, certified mail, return receipt requested • PC § 405 • EC § 362.005 • Court action

More Related