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In the law of inheritance, wills and trusts, a disclaimer of interest (also called a renunciation) is an attempt by a person to renounce their legal right to benefit from an inheritance (either under a will or through intestacy) or through a trust. "If a trustee disclaims an interest in property that otherwise would have become trust property ...
An executor is the legal personal representative of a deceased person's estate. The appointment of an executor only becomes effective after the death of the testator. After the testator dies, the person named in the will as executor can decline or renounce the position, and if so should quickly notify the probate court accordingly.
Where a person dies leaving a will appointing an executor, and that executor validly disposes of the property of the deceased within England and Wales, then the estate will go to probate. However, if no will is left, or the will is invalid or incomplete in some way, then administrators must be appointed.
Victor Holder was an executor of his father’s will. [1] He wanted to renounce executorship, after he had performed some tasks in that capacity. Unfortunately that technically meant the executorship could not be properly renounced. The remaining executors put two farms up for auction, on which Victor was a tenant. Victor bought them at the ...
All authority that a personal representative had with respect to chattels real (such as fixtures) was extended to cover any matter dealing with real estate as well. [1]With respect to the property of any estate (excepting entailed interests), there were abolished: [2]
A food company known for popular grocery store condiments has recalled a package of tortilla strips that may be contaminated with wheat, the U.S. Food and Drug Administration said Friday.
The Honours Forfeiture Committee is an ad hoc committee convened under the United Kingdom Cabinet Office, which considers cases referred to the Prime Minister of the United Kingdom where an individual's actions subsequent to their being awarded a British honour raises the question of whether they should be allowed to continue to be a holder.
Target (NYSE: TGT) is getting labeled as the Grinch heading into the holiday season, after the retailer saw its shares plunge following poor third-quarter results and subdued guidance for the ...
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