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Section 700.3921 – Tax on Separate Interests; Governing Instrument Provisions.

700.3921 Tax on separate interests; governing instrument provisions. Sec. 3921. (1) Unless specific directions to that effect are contained in the governing instrument under which the fiduciary is acting, section 3920 shall not be construed to require the personal representative or other concerned fiduciary to pay an estate, inheritance, or other death tax levied or […]

Section 700.3923 – Allocation of Penalty and Interest.

700.3923 Allocation of penalty and interest. Sec. 3923. (1) If the probate court finds that it is inequitable to apportion taxes, credits, interest, and penalties in the manner provided in sections 3920 to 3922 because of special circumstances, the court may direct apportionment in the manner it finds equitable. (2) If the probate court finds […]