What is the concept of surcharge?
What will be an ideal response?
If the personal representative fails to properly administer the decedent’s estate, he or she may be liable to the beneficiaries or heirs for his or her mistakes. A surcharge is a remedy that may be assessed and is imposed against the personal representative to restore the estate’s losses as a result of the personal representative’s failure to act appropriately.
You might also like to view...
Why are parentheticals used within transcripts seldom dictated?
What will be an ideal response?
Jeff died intestate leaving the following family members behind: Wife: Maggy Son: Michael Mother: Magda Brother: Mark Which family member will inherit based on affinity?
a. Maggy b. Michael c. Magda d. Mark
What ethical rule requires an attorney to possess the minimum level of knowledge and skill required?
A) Confidentiality B) Competence C) Due diligence D) Professionalism
The Westlaw database containing all federal court opinions is called which of the following?
A. ?All Federal Cases B. ?Cases-Federal C. ?ALLFEDS D. ?FED-CS