DOCSLIB.ORG

PERSONAL REPRESENTATIVES: TYPES, PRE-PROBATE DUTIES, and APPOINTMENT MATCHING A

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
PERSONAL REPRESENTATIVES: TYPES, PRE-PROBATE DUTIES, and APPOINTMENT MATCHING A CHAPTER 8: PERSONAL REPRESENTATIVES: TYPES, PRE-PROBATE DUTIES, AND APPOINTMENT MATCHING a. special administrator b. administrator cum testamento annexo c. administrator de bonis non d. public administrator e. ancillary administrator f. Letters Testamentary g. Letters of Administration h. surety bond i. Decree of Distribution j. final account k. disclaimer 1. A court order appointing an administrator of an estate when the decedent died intestate 2. A court order recognizing that all allowed claims and expenses of an estate have been paid and that all heirs are named and the share of the decedent’s property to which they are entitled is listed 3. A court order admitting a will as valid and authorizing the executor named in the will to handle the administration of the decedent’s estate 4. A certificate in which an individual or corporation promises to pay the probate court a certain amount of money if the personal representative fails to faithfully perform the duties of administering the decedent’s estate 5. A personal representative appointed temporarily by a probate court to handle certain immediate needs of an estate 6. A list made by an executor or administrator of an estate that includes all estate assets that he/she has collected as well as all receipts and disbursements 7. A person appointed by the court to oversee the administration of a decedent’s estate that is located in a foreign state 8. A personal representative appointed by the court when a will maker does not name an executor or the named executor cannot serve 9. A public official appointed by the court to administer the property of an intestate who has left no person entitled to apply for appointment as personal representative and Letters of Administration 10. A personal representative appointed by the court when a previous personal representative begins but fails to complete administration 11. A petition filed with the court by a beneficiary who wishes to surrender any interest in a will 1. ANS: G 2. ANS: I 3. ANS: F 4. ANS: H 5. ANS: A 6. ANS: J 7. ANS: E 8. ANS: B 9. ANS: D 10. ANS: C 11. ANS: K TRUE/FALSE 1. Court judges are prohibited from being personal representatives. ANS: T True Correct. Noncitizens of the United States and nonresidents of the domiciliary state may be disqualified as being unsuitable to be personal representatives. False Incorrect. Convicted felons and minors are also prohibited from being personal representatives. 2. The personal representative is responsible for discovering, collecting, and preserving all probate assets of any value. ANS: T True Correct. The personal representative must also manage the probate estate if it includes real estate. False Incorrect. Although the personal representative must make a list of nonprobate assets, he/she is not responsible for discovering, collecting, or preserving them. 3. If a personal representative does not possess adequate skills to discover, collect, and preserve digital assets, he/she should hire someone who has the requisite knowledge. ANS: T True Correct. If the personal representative is not competent to handle this portion of the estate, he/she should hire a third party who can assist him/her. False Incorrect. If a personal representative is not technology competent, he/she could be held liable for mismanagement of the estate. 4. When a will has been discovered, copies of the will should be prepared for the beneficiaries and devisees. ANS: T True Correct. A summary of the contents of the will should also be included. False Incorrect. The original will must be given to the probate court. 5. The attorney is likely to be called in to assist in sorting out a decedent’s estate before the funeral arrangements are complete. ANS: F False Correct. Copies of the death certificate are obtained from the funeral director after the attorney has been employed. True Incorrect. The funeral director obtains the necessary burial permits and death certificate. 6. Only family members should be invited to the family conference. ANS: F False Correct. All persons named in a will, or heirs, if there is no will, should be invited to attend. True Incorrect. Nonfamily members may be named in the will. 7. Property in joint tenancy is a probate asset and should be included in the list of assets subject to probate. ANS: F False Correct. Property in joint tenancy is nonprobate property. True Incorrect. Property in joint tenancy passes directly to the joint tenant. 8. During the family conference, the paralegal should ask whether the decedent made any advancements to any beneficiaries or heirs. ANS: T True Correct. Such advancements could have direct bearing on the estate. False Incorrect. This is true in all cases. 9. The requirements for a bond and surety vary from state to state. ANS: T True Correct. State statutes may or may not require bonds. False Incorrect. Some states require a bond for all personal representatives. 10. Witnesses to a will must appear in court to testify to the validity of the will. ANS: F False Correct. A signed affidavit may be used to prove a will. True Incorrect. A self-proved will removes the need for witness testimony. 11. Letters of Authority must be presented to have the decedent’s mail forwarded to the personal representative. ANS: T True Correct. Letters of Authority are also required to withdraw funds from the decedent’s bank accounts. False Incorrect. Letters of Authority show that the personal representative is the authorized representative of the estate. MULTIPLE CHOICE 1. While in the process of administering the estate of his deceased brother, Larry, John also died, and his sister, Sue, having been appointed the new personal representative, is now the: a. Administratrix cum testamento annexo b. Public administratrix c. Administratrix de bonis non d. Special administratrix ANS: C Administratrix de bonis non Correct. De bonis non means “administrator of goods not administered.” Administratrix cum testamento annexo Incorrect. This might have been true if John had been unqualified to serve. Public administratrix Incorrect. A public administrator is not a blood relative. Special administratrix Incorrect. A special administratrix is a temporary administrator of the estate. 2. A paralegal working with a personal representative might be responsible for all of the following EXCEPT: a. Notifying appropriate parties of the decedent’s death b. Providing certified copies of the death certificate to the funeral director c. Searching for and obtaining the will and other personal business records d. Setting a date for the family conference ANS: B Providing certified copies of the death certificate to the funeral director Correct. The paralegal will obtain copies of the death certificate from the funeral director. Notifying appropriate parties of the decedent’s death Incorrect. The paralegal might need to research the locations of all appropriate parties so as to notify them. Searching for and obtaining the will and other personal business records Incorrect. The paralegal will work with the personal representative to gain access as needed. Setting a date for the family conference Incorrect. The paralegal will set the date after contacting the appropriate persons. 3. Which is a legal obligation of financial institutions with which the decedent did business? a. To close any demand accounts held by the decedent b. To encourage those who hold accounts with the decedent to withdraw funds to avoid death taxes c. To cancel all credit card debts d. To present safe deposit box contents whenever requested ANS: A To close any demand accounts held by the decedent Correct. Demand accounts include all checking accounts. To encourage those who hold accounts with the decedent to withdraw funds to avoid death taxes Incorrect. Banks should prevent this from happening. To cancel all credit card debts Incorrect. However, credit cards should be canceled so that no new debts are incurred. To present safe deposit box contents whenever requested Incorrect. Such contents must be in safekeeping until otherwise directed by the court. 4. During the family conference, the paralegal or the supervising attorney should: a. Provide family members with a list of personal debts b. Assume no family members were owed a debt by the deceased c. Provide family members with the names of the deceased’s financial advisers d. Discuss the need for appointing fiduciaries ANS: D Discuss the need for appointing fiduciaries Correct. The paralegal or the supervising attorney should ask if any trustees named in a testamentary trust are willing to serve. Provide family members with a list of personal debts Incorrect. The paralegal or the supervising attorney should request a list of personal debts from the family. Assume no family members were owed a debt by the deceased Incorrect. The paralegal or the supervising attorney should explain that any creditors will need to file a claim. Provide family members with the names of the deceased’s financial advisers Incorrect. The paralegal or the supervising attorney should ask for the contact information of the deceased’s financial advisers. 5. The personal representative will generally NOT need to file a bond if: a. A corporation is appointed personal representative b. There is no will c. The testator requested a bond in the will d. A bond is required by state statute ANS: A A corporation is appointed personal representative Correct. Such a corporation will likely be a bank or trust company. There is no will Incorrect. A bond usually is required if there is no will, especially if minor children survive the intestate. The testator requested a bond in the will Incorrect. A bond might not be required if the testator stated that the representative may serve without bond. A bond is required by state statute Incorrect.
Load more

Recommended publications
  • Lost Wills: the Wisconsin Law, 60 Marq
    Marquette Law Review Volume 60 Article 3 Issue 2 Winter 1977 Lost Wills: The iW sconsin Law Robert C. Burrell Jack A. Porter Follow this and additional works at: http://scholarship.law.marquette.edu/mulr Part of the Law Commons Repository Citation Robert C. Burrell and Jack A. Porter, Lost Wills: The Wisconsin Law, 60 Marq. L. Rev. 351 (1977). Available at: http://scholarship.law.marquette.edu/mulr/vol60/iss2/3 This Article is brought to you for free and open access by the Journals at Marquette Law Scholarly Commons. It has been accepted for inclusion in Marquette Law Review by an authorized administrator of Marquette Law Scholarly Commons. For more information, please contact [email protected]. LOST WILLS: THE WISCONSIN LAW ROBERT C. BURRELL* and JACK A. PORTER** I. INTRODUCTION The law of Wisconsin is well settled that once a will has been validly executed and has not been revoked, it may be admitted to probate even though the original copy of the will cannot be located at the death of the testator.1 Wisconsin Statutes section 856.17 provides as follows: Lost will, how proved. Whenever any will is lost, de- stroyed by accident or destroyed without the testator's con- sent the probate court has power to take proof of the execu- tion and validity of the will and to establish the same. The petition for the probate of the will shall set forth the provi- 2 sions thereof. Therefore, where the testator had a will which was valid at the time of execution but which cannot be located upon the death of the testator, the statute, in effect, prescribes the procedure for establishing that the will has not been subsequently re- voked by the testator.
    [Show full text]
  • Personal Representative Handbook
    2410 W. Ray Rd., Suite 1 • Chandler, Arizona 85224 • 480-345-8845 • www.halaw.com Personal Representative Handbook The purpose of this handbook is to assist you in carrying out your case, whoever the decedent nominated to act as personal rep- duties as the Personal Representative (or Executor) of an estate of resentative in the Will has the right to serve. an Arizona decedent. This handbook is updated from time to time; Bear in mind, though, that just because you may have please contact us if you are not sure you have the latest version. been nominated to serve as personal representative in some- Also, please remember that this handbook is a guide; it is not in- one’s Will does not mean you have a duty to accept that nom- tended to answer every question that could come up in the admin- ination. You can always decline, in which case any alternate istration of a trust, and it is not intended to give you legal advice. candidate nominated in the Decedent’s Will would then have the opportunity to serve as personal representative. INTRODUCTION Conversely, if the Decedent died without a valid Will, the Decedent is said to have died intestate. In that case, state law What Is a Personal Representative? In Arizona, a personal (in Arizona, A.R.S. § 14-3203) controls who has the right to representative (known in many states as an executor) is the per- serve as personal representative. Roughly summarized, the son or entity appointed by the Court to administer the estate people having the right to serve as personal representative and assets of someone who has died (a decedent).
    [Show full text]
  • Fiduciary Appointments and Duties in Probate Proceedings (OH) a Practical Guidance® Practice Note by Geoffrey S
    Practical Guidance® Fiduciary Appointments and Duties in Probate Proceedings (OH) A Practical Guidance® Practice Note by Geoffrey S. Kunkler, Carlile Patchen & Murphy LLP probate courts. The estate’s personal representative, referred to as an executor or administrator in Ohio, must then administer the estate of the decedent. Geoffrey S. Kunkler A testator may also, in his or her will, confer upon one or Carlile Patchen & Murphy LLP more persons the power to nominate an executor of the testator’s estate. Ohio Rev. Code Ann. § 2107.65. This practice note addresses fiduciary appointees in Ohio probate proceedings. It discusses the role and duties of For a discussion of the administration process, see Estate the executor or administrator, as well as appointment, Administration below. For a discussion of specific probate resignation, and removal. The note provides an overview petitions and pleadings, see Governing Law of Probate, of fiduciary obligations in estate administration, such as Jurisdiction, and Proceedings (OH) — The Application and marshaling assets, preparing and filing the inventory, dealing Required Documents. with creditors and debtors, and distributing and closing the estate. Role of Fiduciary A fiduciary under Title 21 of the Ohio Revised Code is an For an in-depth discussion of probate law, see Governing individual appointed by and accountable to the probate Law of Probate, Jurisdiction, and Proceedings (OH). For court and acting in a fiduciary capacity for any person, or more information on wills, see Purposes and Uses of a Will charged with duties in relation to any property, interest, (OH); Requisites, Instrumentation, and Will Provisions (OH); trust, or estate for the benefit of another.
    [Show full text]
  • A Simple, Effective Will
    Pace Law School Continuing Legal Education Bridge the Gap: December 6-7, 2014 A SIMPLE, EFFECTIVE WILL Daniel Timins. Esq. [email protected] 450 7th Avenue, Suite 1500 New York, New York 10123 (212) 683-3560 Telephone Number www.timinslaw.com Daniel A. Timins, Esq. Law Offices of Daniel Timins FOREWORD It is sometimes mind-numbing to see the absurd depth that attorneys will sink to when drafting legal documents: Details, definition sections, contingency upon contingency upon contingency. Yet, in the end, the artful litigator will still find a sufficient number of loopholes and arguments in any document, no matter how solid the drafter intended it to be. The statement “simple is better” when it comes to legal documents may be true, and perhaps equally so when it comes to the central estate planning document: A Last Will and Testament. There are many two page “Sweetheart Wills” drafted by laymen which are admitted to Probate with little problem. On the reverse side, there are a near-unlimited number of Court proceedings based on multiple page Wills drafted by the most skilled attorneys that languish in the Surrogate’s Court for years. And, of course, the inverse is equally true for both parties. The “Plain English” trend in legal writing should be observed with modern Wills even more so than other legal documents: The Will should be drafted in a way that allows the client to understand what legal concepts are being conveyed. To do otherwise may have the negative effects of not fulfilling the Testator’s desires, and may open the Will up to the protracted legal intervention that the drafter was hoping so hard to avoid.
    [Show full text]
  • Wills--Deceased Residuary Legatee's Share Held Not to Pass by Way Of
    St. John's Law Review Volume 38 Number 1 Volume 38, December 1963, Number Article 11 1 Wills--Deceased Residuary Legatee's Share Held Not to Pass by Way of Intestacy Where It Is Clearly Manifested That Surviving Residuary Legatees Should Share in the Residuum (In re Dammann's Estate, 12 N.Y.2d 500 (1963)) St. John's Law Review Follow this and additional works at: https://scholarship.law.stjohns.edu/lawreview This Recent Development in New York Law is brought to you for free and open access by the Journals at St. John's Law Scholarship Repository. It has been accepted for inclusion in St. John's Law Review by an authorized editor of St. John's Law Scholarship Repository. For more information, please contact [email protected]. ST. JOHN'S LAW REVIEW [ VOL. 38 argument against such an extension was rejected. 52 Likewise, the presence of a compensation fund for prisoners was held not necessarily to preclude prisoner suits under the FTCA.53 The Court found the compensation scheme to be non-comprehensive.5 4 The government's contention that variations in state laws might hamper uniform administration of federal prisons, as it was feared they would with the military, was rejected. Admitting that prisoner recoveries might be prejudiced to some extent by variations in state law, the Court regarded no recovery at all as a more serious prejudice to the prisoner's rights.55 In this connection, it is interesting to consider the desirability of spreading tort liability in the governmental area.5" The impact of the principal case is, in some respects, clear.
    [Show full text]
  • The Personal Representative's Power to Sell Realty in Virginia
    William & Mary Law Review Volume 15 (1973-1974) Issue 4 Article 8 May 1974 The Personal Representative's Power to Sell Realty in Virginia Follow this and additional works at: https://scholarship.law.wm.edu/wmlr Part of the Estates and Trusts Commons Repository Citation The Personal Representative's Power to Sell Realty in Virginia, 15 Wm. & Mary L. Rev. 949 (1974), https://scholarship.law.wm.edu/wmlr/vol15/iss4/8 Copyright c 1974 by the authors. This article is brought to you by the William & Mary Law School Scholarship Repository. https://scholarship.law.wm.edu/wmlr COMMENT THE PERSONAL REPRESENTATIVE'S POWER TO SELL REALTY IN VIRGINIA At common law, tide to personal property passed to an executor or administrator upon the death of the owner, while tide to realty vested immediately in the decedent's heirs or devisees.' During the period of administration, the personal representative's control over personalty was, and under present law remains, analogous to that of a trustee, there being few restrictions upon the power to dispose of the property for the benefit of the estate. With respect to realty, however, a personal representative at common law had neither tide nor power to sell. Two general exceptions to the common law rules have evolved to expand the personal representative's power ovex realty. First, realty may be subjected by statute to the payment of debts of the estate when the personalty is insufficient for that purpose. Second, and more sig- nificantly, an executor may sell realty when vested with such power by the will.3 This Comment will examine the development and present status in Virginia of these exceptions to the general rule against sale 'of realty by a personal representative and will suggest statutory reforms designed to bring Virginia law more in line with that in other jurisdic- tions in reflecting modem conditions.
    [Show full text]
  • Last-Will-And-Testament-Template.Pdf
    Last Will and Testament of ___________________________________ I, ________________________, resident in the City of ____________________, County of ____________________, State of ____________________, being of sound mind, not acting under duress or undue influence, and fully understanding the nature and extent of all my property and of this disposition thereof, do hereby make, publish, and declare this document to be my Last Will and Testament, and hereby revoke any and all other wills and codicils heretofore made by me. I. EXPENSES & TAXES I direct that all my debts, and expenses of my last illness, funeral, and burial, be paid as soon after my death as may be reasonably convenient, and I hereby authorize my Personal Representative, hereinafter appointed, to settle and discharge, in his or her absolute discretion, any claims made against my estate. I further direct that my Personal Representative shall pay out of my estate any and all estate and inheritance taxes payable by reason of my death in respect of all items included in the computation of such taxes, whether passing under this Will or otherwise. Said taxes shall be paid by my Personal Representative as if such taxes were my debts without recovery of any part of such tax payments from anyone who receives any item included in such computation. II. PERSONAL REPRESENTATIVE I nominate and appoint ________________________, of ___________________________, County of ________________________, State of ______________________________ as Personal Representative of my estate and I request that (he/she) be appointed temporary Personal Representative if (he/she) applies. If my Personal Representative fails or ceases to so serve, then I nominate _____________________________of __________________________, County of ____________________________, State of ______________________ to serve.
    [Show full text]
  • The Intestate Claims of Heirs Excluded by Will: Should "Negative Wills" Be Enforced?
    The Intestate Claims of Heirs Excluded by Will: Should "Negative Wills" Be Enforced? When a testator's will fails to provide for the disposition of his entire estate, the portion of the estate that is not disposed of usu- ally passes to the testator's heirs under the intestacy laws.' These laws reflect a presumption about what the testator would have wanted had he considered the matter.2 In some cases, however, the testator may have expressed a contrary intent. For example, a will may expressly disinherit an heir and leave the estate to someone else; or it may leave a small sum "and no more" to an heir, while giving the bulk of the estate to someone else; or a "will" may con- tain no devise at all, but express a desire that an heir receive no part of the estate.3 If the will does not fully dispose of the testa- tor's property and some or all of his estate must pass by intestacy, an issue arises as to whether the intestacy statute requires the ex- cluded heir to receive an intestate share, contrary to the testator's intent. This comment discusses the circumstances in which a will that expressly disinherits an heir or limits the heir's gift to the devise in the will (a "negative will") may foreclose the award of an intestate share to that heir where some or all of the testator's estate passes by intestacy. Since the mid-nineteenth century, English courts have enforced negative wills where (1) the testator clearly intended to exclude an heir or to limit an heir's share in the estate to the devise in the will, and (2) at least one other heir remains eligible to take the property that passes by intestacy.4 Under this approach, the exclusion of the heir (or limitation of the heir's gift) in the will See, e.g., UNIF.
    [Show full text]
  • The New York Probate Process
    THE NEW YORK PROBATE PROCESS – PERSONAL REPRESENTATIVE BASICS “In Part I of this series we will discuss how a Personal Representative is appointed and take a broad look at what the position entails. In Part II, we will look as the steps you should take after being appointed the PR of an estate.” SAUL KOBRICK & ANTHONY MOCCIA NEW YORK ESTATE PLANNING ATTORNEYS SERVING NASSAU COUNTY, SUFFOLK COUNTY, AND WESTCHESTER COUNTY The death of a family member or loved one typically ushers in a period of heightened emotions and uncertainty for those impacted by the death. Regardless of how far in advance you are notified that death was inevitable, “preparing” to lose someone close to you is simply not really possible. As a result, a good deal of confusion also tends to follow a death. Adding to that confusion is the knowledge that someone must handle the legal ramifications of the decedent’s death. If a Last Will and Testament was executed by the decedent prior to death the individual appointed as Executor in the Will shall be responsible for overseeing the probate of the estate left behind by the decedent. If the decedent died intestate or without leaving behind a valid Will, the probate court will need to appoint someone to be the Personal Representative of the estate. The New York Probate Process – Personal Representative Basics www.kobricklaw.com 2 If you are appointed to be the Personal Representative, or PR, of the estate the first thing you should do is retain the services of an experienced New York estate planning attorney to provide you with advice and guidance throughout the probate process.
    [Show full text]
  • Of Personal Representatives of Decedents' Estates in Georgia
    DUTIES AND RESPONSIBILmES OF PERSONAL REPRESENTATIVES OF DECEDENTS' ESTATES IN GEORGIA A Handbook to Guide Personal Representatives •The Road to Success" ~ and Pn!sfflta:J by; Georiia Council or Probate Court Judges .nlth.! Fiduciary l..lw Section of the State Bar of Geof'8ta C>OO; DUTIES AND RESPONSIBILITIES OF PERSONAL REPRESENTATIVES OF DECEDENTS' ESTATES IN GEORGIA A Handbook to Guide Personal Representatives "The Road to Success!" Prepared and Presented by Georgia Council of Probate Court Judges and the Fiduciary Law Section ofthe State Bar of Georgia ©2007 ACKNOWLEDGMENTS This handbook was prepared as a public service by the Georgia Council ofProbate Court Judges and the Fiduciary Law Section ofthe State Bar ofGeorgia. It is intended as a useful guide to those who are appointed as personal representatives ofthe estates of decedents in Georgia. It is not intended to be a comprehensive statement ofthe law. If you have any questions regarding the matters contained in this handbook, please consult your attorney or the probate court in which you were appointed. Please note that the probate judge and the court staff may not act as your legal advisors, and ifyour questions concern your legal responsibilities or your potential liabilities, please consult your attorney. The Georgia Council of Probate Court Judges and the Fiduciary Section ofthe State Bar ofGeorgia would like to acknowledge the contribution ofthe following to the preparation and production ofthis handbook. Mary B. Galardi, Esq., Mary B. Galardi, P.C., Norcross (Chair) Judge Lynwood D. Jordan, Probate Court ofForsyth County Judge William J. Self, II, Probate Court ofBibb County John M.
    [Show full text]
  • 394.076 Uniform Testamentary Additions to Trust Act
    394.076 Uniform testamentary additions to trust act. (1) A will may validly transfer property to the trustee of a trust: (a) Established during the testator's lifetime by the testator, by the testator and one (1) or more other persons, or by one (1) or more other persons, including a funded or unfunded life insurance trust, although one (1) or more persons other than the trustee have reserved any or all rights of ownership of the insurance contracts; or (b) Established at the testator's death by the testator's transfer to the trustee, if the trust is identified in the testator's will and its terms are set forth in a written instrument, other than a will, executed before, concurrently with, or after the execution of the testator's will or in another individual's will if that other individual has predeceased the testator, regardless of the existence, size, or character of the corpus of the trust. (2) A transfer referred to in subsection (1) of this section shall not be invalid because the trust is amendable or revocable, or because the trust was amended after the execution of the will or the testator's death. (3) Unless the testator's will provides otherwise, property transferred to a trust in accordance with subsection (1) of this section shall not be held under a testamentary trust of the testator but shall become a part of the trust to which it is transferred. The property shall be administered and disposed of in accordance with the provisions of the governing instrument setting forth the terms of the trust, including any amendments to it made before or after the testator's death.
    [Show full text]
  • Instructions for Form 706 (Rev. September 2020)
    Userid: CPM Schema: Leadpct: 100% Pt. size: 9.5 Draft Ok to Print instrx AH XSL/XML Fileid: … ons/i706/202109/a/xml/cycle03/source (Init. & Date) _______ Page 1 of 54 9:38 - 7-Sep-2021 The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing. Department of the Treasury Instructions for Form 706 Internal Revenue Service (Rev. September 2021) For decedents dying after December 31, 2020 United States Estate (and Generation-Skipping Transfer) Tax Return Section references are to the Internal Revenue Contents Page Contents Page Code unless otherwise noted. Specific Instructions .............5 Schedule PC—Protective Revisions of Form 706 Part 1—Decedent and Claim for Refund ......... 49 Executor ...............5 Continuation Schedule ....... 51 For Decedents Dying Use Part 2—Tax Computation ......5 Index ..................... 52 Revision of Part 3—Elections by the Checklist ................... 53 Form 706 Executor .............. 10 After and Before Dated Part 4—General Information ... 15 Future Developments December 31, January 1, July 1999 Part 5—Recapitulation ....... 17 1998 2001 Part 6—Portability of For the latest information about December 31, January 1, November Deceased Spousal developments related to Form 706 and 2000 2002 2001 Unused Exclusion its instructions, such as legislation December 31, January 1, August (DSUE) ............... 17 enacted after they were published, go to 2001 2003 2002 Schedule A—Real Estate ..... 19 IRS.gov/Form706. December 31, January 1, August Schedule A-1—Section 2002 2004 2003 2032A Valuation ......... 20 December 31, January 1, August Schedule B—Stocks and 2003 2005 2004 Bonds ................ 22 What's New December 31, January 1, August Schedule C—Mortgages, 2004 2006 2005 Notes, and Cash ........
    [Show full text]