1. express language in the will ▪ pc § 145(b) ▪ ec § 401.001 ▪ in re dulin’s estate – p....
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Independent
Administration
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Creation of Independent Administration
1. Express language in the will▪ PC § 145(b)▪ EC § 401.001
▪ In re Dulin’s Estate – p. 193
▪ Questions 1-2 – p. 196
▪ Relevance of mere bond waiver
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Creation of Independent Administration
2. By agreement of all will beneficiaries▪ PC § 145(c)▪ EC § 401.002
3. By agreement of all heirs▪ PC § 145(e)▪ EC § 401.003
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Creation of Independent Administration
Obtaining agreement of distributees▪ PC § 145▪ EC § 401.004
Examples:▪ Minor = guardian of the person▪ Testamentary trust = current income
beneficiaries▪ Life estate = life tenant
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Creation of Independent Administration
Testator may prohibit independent administration▪ PC § 145▪ EC § 401.001(b)
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Creation of Independent Administration
Court may waive bond Even if will did not provide for bond
waiver Even if decedent died intestate▪ PC § 145(p)▪ EC § 401.005
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Independent Administration
[continued]
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Basic duties of Independent PR
1. Act as a fiduciary and in good faith.
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Basic duties of Independent PR
2. File inventory, appraisement, and list of claims (or affidavit in lieu thereof) within 90 days of qualification.
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Basic duties of Independent PR
3. Set aside homestead, allowances, and exempt property PC § 146 EC § 403.001
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Basic duties of Independent PR
4. Creditors▪ PC § 146▪ EC Chapter 403, subchapter B
Give notices as in dependent administration
Creditors have basically the same rights and duties
Classify and pay claims as in a dependent administration
Problems 1-3 (p. 199)
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Basic duties of Independent PR5. Selling estate property
▪ PC § 145C▪ EC § 402.052
Even without power of sale clause in a will, PR may sell estate property in the same situations that a dependent PR could sell.
PR can also get court to grant a power of sale with consent of distributees if:▪ No will provision▪ Intestacy
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Basic duties of Independent PR
6. Accounting Annual accounts are not needed.
Interested person may demand after 15 months▪ PC § 149A▪ EC § 404.001
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Basic duties of Independent PR
7. Accounting & Distribution Interested person may petition
court after two years▪ PC § 149B▪ EC § 405.001
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Removal of Independent PR
Authority▪ PC § 149C▪ EC § 404.003
Who requests? Any interested person Court on its own motion
Notice by personal service is required
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Removal of Independent PR
Grounds Basically, same as for removal of
dependent PR
In re Estate of Miller (p. 201)
Kappus v. Kappus (Tex. Sup. Ct.)▪ Legislative reaction
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Closing the Independent
Administration
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Closing Independent Administration
No requirement that estate be closed.
Should PR close the estate?▪ Reasons yes▪ Reasons no
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Closing Independent Administration
1. By Affidavit – The closing report▪ PC § 151▪ EC § 405.005
When▪ All debts paid (or paid as much as
possible), and▪ Residue (if any) given to heirs and
beneficiaries Closing report is like a mini-
accounting
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Closing Independent Administration
1. By Affidavit – The closing report Verified by affidavit Court takes no action No impact on PR liability Future claimants cannot look to ex-
PR Burke (p. 210)
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Closing Independent Administration
2. By distributee application▪ PC § 152▪ EC § 405.009
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Closing Independent Administration
3. Judicial discharge▪ PC §§ 149D-149G▪ EC § 405.003
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Closing Independent Administration
4. By operation of law▪ In re Estate of Teinert
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Closing Independent Administration
Partition PR can go to court for help with
partitioning estate property.▪ PC § 150▪ EC § 405.008