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The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.
In common law jurisdictions, probate is the judicial process whereby a will is "proved" in a court of law and accepted as a valid public document that is the true last testament of the deceased; or whereby, in the absence of a legal will, the estate is settled according to the laws of intestacy that apply in the state where the deceased resided at the time of their death.
The Pennsylvania Consolidated Statutes are the official compilation of session laws enacted by the Pennsylvania General Assembly. [1] Pennsylvania is undertaking its first official codification process. [2] [3] It is published by the Pennsylvania Legislative Reference Bureau [4] (PALRB or LRB). [5] Volumes of Purdon's Pennsylvania Statutes ...
However, if no will is left, or the will is invalid or incomplete in some way, then administrators must be appointed. They perform a similar role to the executor of a will but, where there are no instructions in a will, the administrators must distribute the estate of the deceased according to the rules laid down by statute and the common trust.
The administrator of an estate is a legal term referring to a person appointed by a court to administer the estate of a deceased person who left no will. [1] Where a person dies intestate, i.e., without a will, the court may appoint a person to settle their debts, pay any necessary taxes and funeral expenses, and distribute the remainder according to the procedure set down by law.
The allodial or fee simple interest is the most complete ownership that one can have of property in the common law system. An estate can be an estate for years, an estate at will, a life estate (extinguishing at the death of the holder), an estate pur autre vie (a life interest for the life of another person) or a fee tail estate (to the heirs ...
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The organic source of state law is the Constitution of Pennsylvania.Although the original Constitution of Pennsylvania was ratified in 1776, more than ten years before the Constitution of the United States, the U.S. Constitution has legal supremacy in matters relating to (or, in pursuance thereof...
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