Spec Pro Class 2020

SECTION 1. Inventory and Appraisal to be returned within three (3) months

 

•Inventory and appraisal must be made within three (3) months from the grant of letters testamentary or of administration.

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•Approval of an inventory is not a conclusive determination of what assets constituted the decedent’s estate and of the valuation thereof.

 

•Property claimed by third persons may be included in the inventory as part of the assets of the estate and the probate court may order such inclusion.

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SECTION 2. Certain articles not to be inventoried

–Wearing apparel of the surviving spouse and minor children;

–Marriage bed and bedding;

–Provisions and other articles as will necessarily be consumed in the subsistence of the family of the deceased.

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SECTION 3. Allowance to Widow and Family

•Allowance refers to the monetary advances which are subject to collation and are likewise deductible from their share in the estate of the decedent.

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•Persons entitled to allowance during proceedings:

–Legitimate surviving spouse

–Children of the decedent

 

•Grandchildren are not entitled to allowance under Rule 83.

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