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Until the 19th century, liability for the debts of a decedent was limited to the assets of his personal estate.
apply only to the estate of a decedent who dies on or after the effective date of the repeal.
Legal representative refers to the court-appointed or otherwise qualified person, regardless of title, who is legally authorized to manage and settle the estate of a decedent.
A sale pursuant to a judicial order or in liquidation of the estate of a decedent is not subject to the provisions of this paragraph.
For obvious reasons, it has long been recognized that the surviving claims of a decedent must be pursued by a third party.
Some leases, she said, provide for automatic approval of occupancy of the spouse of a decedent, and some may allow a "financially capable" adult child to occupy the apartment.
Similar(27)
But at least a will gives the courts a sense of what a decedent wanted.
As to personal property, however, the ecclesiastical courts favoured a freedom of testation that allowed a decedent to leave part of his property to the church for the promotion of its manifold activities.
And the basis of property acquired from a decedent generally is the fair market value of the property at the date of death.
The basis of property acquired from a decedent was stepped-up (or stepped-down) to fair market value under Internal Revenue Code section 1014.
These laws may appropriate the portion of land occupied by a decedent to his creditor rather than to any other, or to his child on condition he satisfies the creditor.
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