§ 28-53-203. Allocation of assets with value equivalent to federal estate tax value
Whenever under any last will and testament or trust instrument of a decedent who is survived by a spouse, the executor, trustee, or other fiduciary is authorized to or required by the terms of such an instrument to satisfy a pecuniary bequest, including a pecuniary bequest in trust or transfer in trust of a pecuniary […]
§ 28-53-204. Assets distributed to be representative of appreciation or depreciation of all assets
A provision in a last will and testament or trust instrument that an executor or fiduciary authorized or required by its terms to satisfy a pecuniary bequest or transfer in trust with assets in kind at their federal estate tax values or at any values other than fair market values at date of distribution or […]
§ 28-53-205. Alternative valuations
(a) Whenever there is a provision in the will or governing instrument that an executor or fiduciary who is authorized or required by its terms to satisfy a pecuniary bequest or transfer in trust, with assets in kind at their federal estate tax values or at any value other than fair market values at date […]
§ 28-54-101. Short title
This chapter may be cited as the Uniform Estate Tax Apportionment Act.
§ 28-54-102. Definitions
In this chapter: (1) “Apportionable estate” means the value of the gross estate as finally determined for purposes of the estate tax to be apportioned reduced by: (A) any claim or expense allowable as a deduction for purposes of the tax; (B) the value of any interest in property that, for purposes of the tax, […]
§ 28-52-105. Petitions for settlement and distribution
(a) At the time of filing an account, the personal representative shall petition the court to settle and allow his or her account. (b) If the estate is in a proper condition to be closed, he or she shall also petition the court for an order authorizing him or her to distribute the estate and […]
§ 28-53-111. Setoffs
When a distributee of an estate is indebted to the estate, the amount of the indebtedness if due, or the present worth of the indebtedness, if not due, may be treated as an offset by the personal representative against any real or personal property of the estate to which the distributee is entitled. However, the […]
§ 28-52-106. Notice of filing of accounts
During the first week of each month the clerk shall publish, in a newspaper published or having a general circulation in the county, a notice of estates in which accounts have been filed by personal representatives during the preceding month, listing in alphabetical order the names of the estates, with the names of the personal […]
§ 28-53-112. Interest — Income and increment
(a) Interest. Unless a contrary intent is indicated by will, if the estate is solvent, general legacies shall bear interest at the rate of six percent (6%) per annum, or the then-prevailing legal rate, beginning fifteen (15) months after commencement of administration, but not before that time. (b) Income and Increment. Unless otherwise provided in […]
§ 28-52-107. Continuance — Hearing — Objections
(a) Every account filed by a personal representative shall be continued without being acted on for a period of sixty (60) days from the date of its filing. (b) The court may, and upon motion of an interested person shall, set the hearing on the account for a day certain. (c) (1) At any time […]