Term
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Definition
| Personal representative of an intestate. |
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Term
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Definition
| Notice sent to parties with standing to contest the probate petition. |
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Term
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Definition
| Official government document proving a persons death. |
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Term
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Definition
| Personal representative of a testate. |
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Term
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Definition
| Competent adult appointed by a court to represent persons under an incapacity during litigation. |
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Term
| Informal probate proceedings |
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Definition
| Probate permitted in certain jurisdictions for small estate in which no notice is required |
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Term
| Letters of Administration |
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Definition
| Court authorization to act granted to an administrator. |
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Term
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Definition
| Court authorization to act granted to an executor. |
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Term
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Definition
| Collecting and categorizing the estate of a decedent. |
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Term
| Petition for a family allowance |
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Definition
| Request to the court to permit the family to use estate funds pending probate. |
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Term
| Petition for interim letters |
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Definition
| Request to the court to authorize a person to act on behalf of the decedent until final Letters are granted. |
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Term
| Petition for letters of administration |
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Definition
| Request to the court to appoint a personal representative for an intestate. |
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Term
| Petition for letters testamentary |
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Definition
| Request to the court to appoint a personal representative for a person who died with a will. |
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Term
| Petition for preliminary letters |
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Definition
| Petition for Interim Letters. |
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Term
| Petition for temporary letters |
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Definition
| Petition for Interim Letters. |
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Term
| Petition to open safe deposit box |
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Definition
| Request to the court to allow safe deposit box to be opened to locate a will. |
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Term
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Definition
| Request to the court to allow property to be searched to locate a will. |
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Term
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Definition
| Court procedure to prove the validity of a will or appointment of an administrator. |
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Term
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Definition
| Right of surviving spouse to elect to take by the will or by statutory share. |
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Term
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Definition
| Shortened probate proceedings permitted in certain jurisdiction for small estates. |
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Term
| Supervised administration |
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Definition
| Court scrutinizing every aspect of the estate administration. |
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Term
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Definition
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Term
| Unsupervised administration |
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Definition
| Administration in which the court does not get involved in every aspect of the process. |
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Term
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Definition
| Statement under oath that the statements in the petition to the court are true and accurate. |
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Term
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Definition
| Rule permitting assets to be valued at date of death or sale, or six months later, whichever is less. |
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Term
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Definition
| Permissible reduction in taxes payable. |
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Term
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Definition
| Official publication of IRS Revenue Ruling and Revenue Procedures. |
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Term
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Definition
| Employee stock ownership plan. |
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Term
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Definition
| Last income tax return of the decedent. |
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Term
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Definition
| Federal estate tax return. |
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Term
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Definition
| Federal fiduciary income tax return. |
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Term
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Definition
| Control a decedent keeps over the rights of a life insurance policy. |
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Term
| Income in respect of a decedent (IRD) |
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Definition
| Income received by a beneficiary that was due the decedent by wasnt paid to the decedent before death. |
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Term
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Definition
| Tax imposed by some states on the transfer of property from a decedent. |
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Term
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Definition
| IRS publication listing tax forms to be filed by executors and administrators. |
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Term
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Definition
| Official IRS procedure for complying with the tax laws. |
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Term
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Definition
| IRS internal case decision having precedential value. |
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Term
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Definition
| Debt to which specific property has been pledged in case of default. |
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Term
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Definition
| Federal tax form used to acquire a tax ID number. |
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Term
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Definition
| Deduction from taxes owed based on other taxes paid. |
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Term
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Definition
| General obligation for which no specific property has been pledged in case of default. |
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